Temasek to shed 8-9% in Manipal Hospitals to sovereign wealth funds

Singapore sovereign wealth fund Temasek is selling 8-9% of its stake in Manipal Hospitals to Abu Dhabi fund Mubadala and Brunei Investment Authority. Temasek will continue to hold a 51% stake in the hospital chain. The sale is part of Temasek’s portfolio rebalancing strategy and could potentially help Manipal Hospitals in the future with large-scale expansion opportunities.

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