Temasek Acquires Additional Stake in Manipal Health Enterprises

Singapore-based sovereign wealth fund Temasek announced on Monday that it will acquire an additional 41% stake in India’s Manipal Health Enterprises.

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Deal Value: Temasek paid about $2 billion for the additional stake.

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TPG to Exit Stake: TPG, an investor in Manipal since 2015, will fully exit its stake in the healthcare provider.

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NIIF to Sell Full Stake: India’s sovereign wealth fund, the National Investment and Infrastructure Fund.

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Impact of the Acquisition: Temasek’s acquisition of the additional stake in Manipal Health Enterprises highlights the increasing interest.

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Conclusion: The acquisition of an additional stake in Manipal Health Enterprises by Temasek is a significant development in the Indian healthcare sector.

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