Global Health, Owner Of Medanta Hospital Chain, Files IPO Papers
NDTV
Global Health's IPO will comprise a fresh issue of shares worth Rs 500 crore and an offer for sale of up to 4.84 crore shares, according to draft red herring prospectus filed with Sebi
Global Health, which operates hospitals under the Medanta brand, has filed preliminary papers with capital market regulator Sebi to raise funds from the primary market. The Medanta brand owner's initial public offering (IPO) will comprise a fresh issue of shares worth Rs 500 crore and an offer for sale (OFS) of up to 4.84 crore shares by Anant Investments and Sunil Sachdeva, according to its draft red herring prospectus filed with the market regulator. Global Health shares are likely to be listed on the BSE Sensex and NSE Nifty.
Anant Investments, an affiliate of private equity major Carlyle Group, will sell up to 4.33 crore shares and Global Health co-founder Sunil Sachdeva (jointly with Suman Sachdeva) will offload up to 51 lakh shares in the OFS .
The company will utilize the fresh issue proceeds to pay debt and general corporate purposes.
