Manipal Healthcare IPO to Raise ₹9,275 Cr, India's Largest in Healthcare Sector

The IPO, which is expected to be the largest in the healthcare sector, will see the company issue fresh equity shares worth ₹7,500 crore and an offer for sale (OFS) of ₹1,775 crore by existing shareholders. The funds raised will be used to repay debts, finance new projects, and for general corporate purposes.

The Manipal group has a significant presence in the healthcare sector, with a chain of hospitals and healthcare services across India and abroad. The company's IPO is expected to be a major milestone in its expansion plans, which include setting up new hospitals and healthcare facilities.

Source: Google News – Manipal.