Manipal Hospitals IPO Gains SEBI Approval to Raise ₹8,000 Cr

Manipal Hospitals, India's leading integrated healthcare network, has obtained regulatory approval from the Securities and Exchange Board of India (SEBI) to pursue an initial public offering.

The planned issue, which will raise ₹8,000 crore in fresh equity, is designed to strengthen the company's balance sheet and fund its planned expansion across Karnataka and beyond.

With the listing, Manipal Hospitals seeks to spark greater investor confidence in the healthcare sector, while also creating new opportunities for growth and innovation in hospitals, diagnostic services and telemedicine. Source: Google News – Manipal.