 "Health")
In two successive merger and acquisitions (M&A) transactions, Manipal Health Enterprises is set to acquire Emami Group’s stake in AMRI Hospitals at a valuation of Rs 2,350 crore in the next few days.
Subsequently, Singapore-based private equity major Temasek will buy a controlling stake in Manipal Health Enterprises at a valuation of $4 billion (Rs 32,800 crore), banking sources said.
“Manipal will pay for Amri stake in two tranches. The first tranche of a higher sum will be paid upfront and the rest after about a year,” a source close to the deal
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