Singapore's Temasek buys 33% additional stake in Manipal Hospitals from TPG & promoters
US-based PE firm TPG invested in Manipal way back in 2015 and last year in April NIIF invested Rs 2,100 crore through its Strategic Opportunities Fund to purchase an 8 per cent stake in Manipal Hospitals.
Temasek wins over the private equity firm KKR & Co, which had intended to acquire up to 48 per cent of the hospital group. Source: Pixabay