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Temasek to buy True North’s 18% in Manipal Health for Rs.1,400 crore

Temasek to buy True North’s 18% in Manipal Health for Rs.1,400 crore

Monday, March 27, 2017, 11:09 AM

Temasek is all set to acquire an 18% stake in MHEPL from True North, valuing India’s third-largest hospital chain at as much as $1.2 billion. The investment underscores Temasek’s bet on Indian healthcare. According to some, may even be a precursor to bigger push one that could eventually see the investment company of the Singapore government stitch together a controlling stake in the company.
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