Temasek increases holding in India's Manipal Health
Temasek Holdings is set to become the majority shareholder in Indian hospital operator Manipal Health Enterprises, having agreed to acquire an additional 41% stake in the company. The transaction facilitates an exit for TPG Capital, but the PE firm will re-invest from its latest fund.
Financial details were not disclosed, but several media reports put the price at INR 163bn (USD 1.99bn), which equates to an overall valuation of around INR 398bn. It is said to be the largest-ever investment...
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