Temasek-backed hospital chain Manipal Health files for IPO

Indian hospital chain Manipal Health Enterprises filed for its initial public offering on Tuesday, betting on growing demand for specialty medical care in the country.

The Temasek-backed hospital chain operator plans to raise 80 billion rupees ($852.24 million) through a fresh issue of shares, while existing investors plan to sell 43.2 million shares, according to its draft prospectus.