Global Health, Owner Of Medanta Hospital Chain, Files IPO Papers
Global Health, the owner of Medanta hospitals, has filed draft papers with Sebi to raise money from the primary market. The hospital chain's initial public offering (IPO) will comprise a fresh issue of shares worth Rs 500 crore and an offer for sale (OFS) of up to 4.84 crore shares, according to its draft red herring prospectus filed with the market regulator.Â
Anant Investments, an affiliate of private equity major Carlyle Group, will sell up to 4.33 crore shares and Global Health co-founder Sunil Sachdeva (jointly with Suman Sachdeva) will offload up to 51 lakh shares in the OFS .The company will utilize the fresh issue proceeds to pay debt and general corporate purposes, whereas the OFS proceeds will go to the respective sellers.
Global Health is one of the largest private multi-specialty tertiary care providers in North and East India, with 4 hospitals under the Medanta brand in Gurugram, Indore, Ranchi and Lucknow. Moreover, it is constructing one hospital at Patna and is one is at a planning stage for Noida. Global Health was founded by cardiovascular and cardiothoracic surgeon, Dr Naresh Trehan.
Kotak Mahindra Capital Company, Credit Suisse Securities (India), Jefferies India and JM Financial are the book running lead managers to the IPO.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
