Manipal Health Enterprises will use over three-fourths of its Rs 8,000 crore fresh IPO proceeds to repay acquisition-related debt and fund an additional stake purchase in Sahyadri Hospitals. The issue reflects a balance-sheet reset after an aggressive expansion strategy that significantly increased debt while expanding its hospital network.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.