Manipal Health Nears Rs 10,000-Cr IPO After SEBI Approval

Manipal Health, the region’s leading healthcare provider, announced that the Securities and Exchange Board of India has approved its plan to launch an initial public offering valued at a record ₹10,000 crore.

The clearance, received on Wednesday, removes a major regulatory hurdle and sets the stage for the group to tap public capital markets, with the IPO slated for the first half of next year.

For Udupi District, the listing could bring greater investment in local hospitals, improve healthcare services and create jobs, while providing a new investment avenue for residents and investors alike. Source: Google News – Manipal.