Promoters of Manipal Health Enterprises Pvt Ltd, the Pai family, are in talks with a clutch of banks led by Barclays PLC (LSE:BARC) to raise $400-500 million, as they seek to buy back half the shares held by TPG Capital in India's second-largest hospital chain, people aware of the matter said. Deutsche Bank Aktiengesellschaft (XTRA:DBK), DBS Group Holdings Ltd. (SGX:D05), NOMURA Co., Ltd. (TSE:9716) and Standard Chartered PLC (LSE:STAN) have also been approached, the people told ET. The fundraise, which will be a syndicated acquisition financing facility, will be priced after the Ranjan Pai-led group finalises buyback terms. Manipal Hospitals, TPG and the banks did not comment.
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Stocks mentioned in the article
Price
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Change
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5d. change
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Capi.
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838 JPY | -1.30% | -1.30% | 611M | ||
755 GBX | -0.13% | +10.80% | 24.23B | ||
202.4 GBX | +0.67% | -0.98% | 38.03B | ||
35.64 SGD | +0.25% | +3.54% | 75.11B | ||
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+23.41% | 32.38B | |
+12.00% | 547B | |
+10.60% | 291B | |
+12.04% | 250B | |
+21.78% | 210B | |
+17.11% | 171B | |
+11.40% | 169B | |
+11.01% | 164B | |
+3.27% | 143B | |
-11.10% | 139B |
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- Manipal's Pais Look to Raise $500 Million, Talks on with Barclays, Deutsche, DBS, Nomura & StanChart