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S5/10Economic
Temasek-backed Manipal Health to line up $1-billion IPO
Manipal Health Enterprises plans a billion-dollar initial public offering this month. The company will announce its price band on July twenty-fourth.
The offering includes a fresh issue of shares and an offer for sale. Proceeds will primarily be used to reduce debt and acquire a minority stake.
This follows SBI Funds Management's successful large IPO earlier this year.
Source: Economic TimesOriginal source
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