Manipal Health Lists on BSE, Valuing Hospital Chain at $9 Billion
By ETF Desk
Manipal Health Enterprises, a prominent hospital chain in India, marked its entry on the Bombay Stock Exchange (BSE) on Thursday, with the company being valued at $9 billion. The initial public offering (IPO) of Manipal Health Enterprises received a strong response, with the issue being subscribed 1.7 times. The company raised ₹11,500 crore through the IPO, which is a significant milestone for the healthcare sector in India.
The listing of Manipal Health Enterprises on the BSE is expected to have a positive impact on the Indian healthcare sector. The company's listing will provide a platform for investors to invest in the healthcare sector, which is expected to grow in the coming years. The listing will also provide a boost to the company's growth plans, which include expanding its hospital network and investing in new technologies.
Source: Google News – Manipal.