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- Singapore's Temasek is set to acquire an additional 41% stake in India's Manipal Health Enterprises from investors, including TPG, thereby increasing its stake in one of India's largest hospital chains to 59%.
- Additionally, India's sovereign wealth fund, the National Investment and Infrastructure Fund (NIIF), will also sell its full stake to Temasek, while Manipal founder Ranjan Pai's family holding will reduce from about 50% to 30%.
- Manipal currently serves over 5 million patients a year through its 29 hospitals in 16 cities with 4,000 doctors, according to a joint statement issued by the investors.
