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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844 JPY | +0.48% | -0.82% | 604M | ||
688.4 GBX | +1.35% | +3.72% | 21.64B | ||
203.6 GBX | +6.49% | +9.82% | 35.63B | ||
34.45 SGD | +0.20% | +3.96% | 71.79B | ||
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+31.03% | 32.44B | |
+13.51% | 555B | |
+13.81% | 301B | |
+9.16% | 249B | |
+23.12% | 212B | |
+17.11% | 172B | |
+7.31% | 161B | |
+4.15% | 153B | |
-0.51% | 137B | |
-11.61% | 138B |
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