Temasek-backed Manipal Health Secures SEBI Approval, Targets July IPO Listing
By ETF Desk
Temasek-backed Manipal Health has secured approval from the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO) on the Indian stock market. The approval paves the way for the company’s planned July listing, following a comprehensive regulatory review.
The company, part of the wider Manipal Group, seeks to raise around ₹12,500 crore (US$1.6 billion) through the sale of shares. The funding is intended to support the expansion of its hospital network, adoption of cutting‑edge medical technology, and development of digital health platforms across Karnataka and beyond.
The IPO is expected to strengthen Manipal Health’s financial position and enable further investment in patient care services. Investors view the listing as a sign of confidence in the rapidly growing Indian healthcare sector. Source: Google News – Manipal.