Temasek‑Backed Manipal Hospitals Gains SEBI IPO Approval, Eyes July Listing
By ETF Desk
SEBI has granted approval for the initial public offering (IPO) of Manipal Hospitals, a leading private healthcare operator backed by Singapore‑based Temasek. The company plans to list its shares on the Bombay Stock Exchange by the end of July, following a comprehensive regulatory review and a successful filing of its offer document.
Founded in 1975, Manipal Hospitals has grown into one of India’s largest hospital chains, operating thirty‑plus tertiary care centres across the country. Temasek’s investment has helped the group modernise its infrastructure and expand into new markets, positioning it for further growth once it goes public.
By raising capital through the IPO, Manipal Hospitals aims to fund the acquisition of medical equipment, expansion of tele‑medicine services, and possible entry into emerging Indian states. The listing is expected to enhance the company’s visibility, improve governance standards, and provide investors with exposure to the rapidly growing healthcare sector.
Source: Google News – Manipal.