Manipal Hospitals is said to plan $1 billion IPO in July

Manipal Health Enterprises is likely to launch its IPO as early as next month, targeting a valuation of around $10 billion. Backed by Temasek, the hospital chain has completed investor roadshows. The offering includes both fresh issue and stake sale, potentially becoming India’s first billion-dollar IPO this year.

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KKR eyes at least $1 billion stake in Medicover's India hospital arm, source says

Sweden's ‌Medicover owns 66.9% of Medicover Hospitals India. KKR is seeking to ​acquire the Swedish ​firm's entire stake for at least $1.05 billion and is also in ⁠discussions with minority shareholders.

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FEMA probe against Apollo Hospitals, 5 directors closed after compounding order: ED

The alleged four-point contraventions which were finalised for adjudication under the Foreign Exchange Management Act (FEMA) post the investigation totalled more than Rs 2,424 crore, the central agency said in a statement.

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