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The Economic Times
The Economic Times
Business
Veer Sharma

Manipal Health Enterprises sets price band for Rs 9,275 crore IPO, opens July 29

Manipal Health Enterprises IPO OFS Sahyadri hospitals Manipal Hospitals

Bengaluru-based Manipal Health Enterprises, which runs the Manipal Hospitals network, will open its maiden public issue for subscription on July 29. The IPO has been fixed in the price band of Rs 560-590 per share.

Backed by Temasek and Ranjan Pai, the healthcare company plans to raise Rs 9,275 crore through the IPO. The issue comprises a fresh issue of Rs 8,000 crore and an offer-for-sale (OFS) of 2.16 crore equity shares worth Rs 1,275.2 crore.

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