Page 4 - Temasek

Manipal Health aims adding 3,600 beds yrs after Temasek controlling stake

Expansion and acquisitions to take hospital chain's total to nearly 12,000 beds

Temasek to buy additional 41% stake in Manipal Health for Rs 16,300 cr

Singapore's sovereign wealth fund Temasek will buy an additional 41 per cent stake in Manipal Health Enterprises for more than Rs 16,300 crore (USD 2 billion), taking its total shareholding to 59 per cent in one of the country's largest hospital chains. The acquisition of the stake, announced on Monday, is the largest deal in the Indian healthcare sector. Headquartered in Bengaluru, Manipal Health Enterprises (MHE) runs a chain of 29 hospitals under the brand name 'Manipal Hospitals' in 16 cities, with close to 8,300 beds. Temasek will buy the additional stake from Manipal founder Ranjan Pai's family, TPG and the National Investment and Infrastructure Fund (NIIF). However, financial details were not disclosed in the announcement made on Monday. Sources said Temasek's buyout of the additional stake will be for more than Rs 16,300 crore valuing MHE at around Rs 40,000 crore, making it the largest deal in the Indian healthcare sector. The transaction tops the list of multi-crore de

We will continue to hold 30% in Manipal Health: Manipal group chairman

In a Q&A, Dr Ranjan Pai also confirms that Manipal Health will look for a listing going forward

Singapore's Temasek buys 41% stake in Manipal Health for $2 billion: Report

Manipal currently serves over 5 million patients a year through its 29 hospitals in 16 cities with 4,000 doctors, according to a statement issued jointly by the investors

Temasek in talks to buy stake in India's Cloudnine hospital chain: Report

Singaporean sovereign fund Temasek Holdings is in advanced talks to buy a minority stake in Cloudnine Hospitals, valuing the Indian hospital chain at Rs 30 billion ($362.7 million)

Drug, medical services firm PharmEasy may lay off hundreds of employees

The company has a total workforce of about 1500

HealthKart raises $135 million in funding from Temasek, A91 Partners

Company will use money to promote brands, increase offline distribution, and expand internationally

Foodtech platform HealthKart raises $135 mn from Temasek, A91 Partners

Foodtech platform HealthKart on Monday said it has raised $135 million in a funding round led by Temasek, with participation from A91 Partners and Kae Capital

Which investors will lose the most money because of FTX's implosion?

Out of all the investors, at least two major shareholders, Sequoia and Paradigm, have decided to mark their investments down to zero

PE, Sovereign funds making larger investments in Indian tech firms

PE funds like Advent, TPG, Temasek and GIC have sped up their investments in India with larger cheques of $100 million or more

Unacademy CMO Karan Shroff quits firm year after being made partner

CEO recently said edtech unicorn may see a funding dry spell for at least 12-18 months and it would cut costs

Temasek bullish on Indian start-ups, renew energy despite slowdown overseas

Top executives of Temasek, which has doubled its India portfolio in the past five years to $16 billion, said the fund made several successful exits from India in FY 22

OneCard is India's 104th unicorn, raises $100 mn in Series D led by Temasek

The latest round by OneCard, owned by Pune-based FPL Technologies, also saw investment from existing investors such as QED, Sequoia Capital, and Hummigbird Ventures

Shiprocket's logistics volume to grow 40% after Pickrr acquistion: CEO

Shiprocket is acquiring a majority stake in Pickrr for an estimated $200 million in cash, stock and earn-out

Jain Irrigation to merge international biz with Temasek-backed Rivulis

The cash proceeds will be used to pay off Rs 2,700 crore of overseas debt

Country Delight raises $108mn in series D led by Venturi Partners & Temasek

Founded in 2013, the company delivers dairy, fruits, and vegetables to the doorstep of consumers.

Dr Agarwal's Health Care raises over Rs 1,000 cr from TPG Growth, Temasek

Dr Agarwal's Group of Eye Hospitals has added more than 60 units to its network in the past five years alone

Temasek to acquire Bridgepoint's UK-based testing firm for $7 billion

State investor Temasek, which acquired a significant minority stake in Element in 2019, is buying the company from London-listed buyout firm Bridgepoint Group

India's ShareChat raises $266 million for valuation of $3.7 billion

The new investments, part of ShareChat's third funding round this year, was led by Alkeon and saw participation from Singapore's Temasek Holdings and Moore Strategic Ventures, among others.

Shiprocket closes $185 mn funding round, led by Zomato, Temasek, Lightrock

E-commerce logistics firm Shiprocket said it has signed definitive agreements for a $185 million (Rs 1,380 crore) Series E funding round