 "manipal hospitals")
Billionaire Ranjan Pai-controlled Manipal Hospitals is in final talks to sell a minority stake in the company to government anchored National Investment and Infrstructure Fund (NIIF) for ~2,100 crore and the deal is likely to be closed soon, said sources close to the development.
The amount raised would be partly used to fund the company’s acquisition of Columbia Asia Hospitals’ India business and partly to finance some of the other acquisitions that Manipal Health Enterprises is exploring in the near future, added the sources.
This will be a secondary stake sale in which Pai would be divesting a
The amount raised would be partly used to fund the company’s acquisition of Columbia Asia Hospitals’ India business and partly to finance some of the other acquisitions that Manipal Health Enterprises is exploring in the near future, added the sources.
This will be a secondary stake sale in which Pai would be divesting a
