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Temasek buys majority stake in Manipal Health in largest wellness deal

Business Standard

In the largest transaction in the health care segment, Singapore-based private-equity giant Temasek Holdings has increased its stake in Manipal Health Enterprises by buying an additional 41 per cent from the promoters and other investors including TPG, a US-based private-equity firm, and the National Investment and Infrastructure Fund (NIIF) at an enterprise valuation of Rs 40,000 crore, people in the know said.


With this, the Temasek…


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