Temasek-owned Sheares sealing the deal in picking up a majority stake


Temasek-owned Sheares sealing the deal in picking up a majority stake

 

Temasek-backed Sheares Healthcare India has acquired a majority stake in Manipal Hospitals, owned by billionaire Ranjan Pai. This acquisition, worth an estimated $2 billion, is the largest private equity deal in India's healthcare sector. It is expected to help Manipal Hospital expand its footprint across the country. Sheares, an existing investor, was reportedly looking to take a controlling stake in the hospital chain. It was eyeing the stake from the promoter family and other investors TPG and NIIF. Money Control made the report on December 27, 2022. If successful, Sheares would become the majority shareholder of the hospital chain.

 

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