Temasek‑Backed Manipal Hospitals Secures SEBI Approval for IPO
By ETF Desk
Temasek‑Backed Manipal Hospitals has received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO), with plans to list on the stock exchanges by the end of July.
The flagship healthcare group, founded in 1979 in Udupi district, has grown into one of India’s leading integrated health‑care chains. Its partnership with Singapore’s sovereign‑wealth fund Temasek has provided capital and strategic guidance, enabling expansion across Karnataka and other states.
The listing is expected to raise fresh capital for further infrastructure development, technology upgrades, and the opening of new specialty centres, potentially boosting employment and strengthening health‑care delivery in Udupi and surrounding areas. Investors and industry observers see the move as a sign of confidence in India’s medical‑tourism sector.
Source: Google News – Manipal.