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The Economic Times

Manipal Health nears Rs 10,000cr IPO after Sebi approval

Manipal Health Enterprises has received approval from the Securities and Exchange Board of India (Sebi) to proceed with an initial public offering, aiming to raise about Rs 10,000cr. The company plans to use a significant share of the proceeds to repay borrowings at its subsidiaries. Another portion is earmarked to fund the acquisition of a stake. The IPO is framed as a capital-structure optimisation and is not tied to policy changes, M&A integration or a shift in its profit model, with no direct price impact cited for stock indices, healthcare-sector ETFs or related commodities.
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