
Temasek, the Singaporean investment fund, acquires Manipal in a deal worth more than $2 billion.
Temasek Holdings, Singapore’s sovereign wealth fund, has bought a majority stake in Indian healthcare company Manipal Health Enterprises for over $2 billion, in the largest deal in the Indian healthcare space. Temasek-owned Sheares Healthcare has bought an additional 41% stake, taking its stake to 59%. After the transaction, Dr Ranjan Pai and his family’s stake will drop to 30% and existing investor TPG’s shareholding will fall to 11%. The hospital chain has 8,300 beds across India and has three greenfield projects in the works, expected to take the number of beds to 10,500.





