Manipal Health Enterprises’ Rs 9,275-crore IPO closed with strong demand, subscribed 4.92 times overall. Institutional investors led the subscription, while retail investors showed cautious interest in the healthcare issue. The company plans to use Rs 5,378 crore from the IPO proceeds to repay its existing debt. Additional funds will support acquisitions and general corporate purposes for future growth.
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.