Majority stakes in Manipal Hospitals to be acquired by Temasek
Singaporean state holding company Temasek Holdings (Private) Limited has acquired India's leading hospital chain Manipal Health Enterprises by owning about 59% stake. Temasek has acquired the stakes for Rs 29,000 crore.
A statement said Temasek-owned Sheares Health, which held an 18% stake in Manipal, has acquired an additional 41% stake from the promoters and existing investors. The deal has valued the hospital chain at Rs 40,000 crore.
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