The Singapore-based investment giant recently sealed the biggest- ever private equity deal in the Indian healthcare sector by pumping in more than $2 billion in Manipal Hospitals. It is also invested in the listed firm Global Health.
Following the closing of the transaction, Manipal Group will hold about 30 percent of Manipal Hospitals. Sheares Healthcare Group will retain its existing 18 percent stake.
Prior to the deal, Sheares Healthcare India, an existing shareholder in Manipal Health Enterprises, held around 18 percent stake. Sheares manages a portfolio of healthcare delivery assets for Singapore-headquartered investment major Temasek.