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Asia

Manipal Health IPO: How an acquisition spree will consume most of its Rs 8,000 crore fresh issue

Markets-Economic Times · 2h ago · 🇮🇳 India

Manipal Health IPO: How an acquisition spree will consume most of its Rs 8,000 crore fresh issue

Manipal Health Enterprises will use over three-fourths of its Rs 8,000 crore fresh IPO proceeds to repay acquisition-related debt and fund an additional stake purchase in Sahyadri Hospitals. The issue reflects a balance-sheet reset after an aggressive expansion strategy that significantly increased debt while expanding its hospital network.

Read the full story at Markets-Economic Times →

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