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Manipal Hospitals to buy Medanta in Rs 5,800 crore deal

Monday, May 27, 2019, 11:00 AM

The promoters of leading hospital chain Medanta have agreed to sell the business to Manipal Hospitals for Rs 5,800 crore, said two people aware of the development, ending negotiations that have lasted two years. Besides the promoters, existing investors Carlyle and Singapore-based Temasek also agreed on the price and will exit the hospital chain, they said.
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IHCL ties up with GIC to invest Rs.4,000 crore in India

Saturday, May 18, 2019, 11:49 AM

Indian Hotels Co. Ltd (IHCL), the owner of the Taj luxury hotel chain, signed a strategic partnership with Singapore's sovereign wealth fund GIC Pte Ltd to jointly invest around Rs.4,000 crore over three years. The investment platform will acquire fully operational hotels in the luxury, upper upscale and upscale segments in India, IHCL said in a filing to the BSE.
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Mastercard commits Rs 7,000 crore investment in India in next 5 years

Friday, May 10, 2019, 10:37 AM

Global payments giant Mastercard plans to invest $1 billion in its India operations over the next five years, a top company executive said, and about $350 million of that would go into setting up a local payments processing centre in keeping with the Reserve Bank of India's mandate to store all payments data locally.

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