Manipal Health Enterprises has received Sebi approval for its initial public offering. The company plans to raise approximately ten thousand crore rupees through this offering. A significant portion of the funds will repay subsidiary borrowings. Another part of the proceeds will fund a stake acquisition. This move signals a major step for the healthcare provider’s expansion plans.
Wall Street warms to India’s markets as oil pressures fade
India had fallen out of favor as investors chased markets with greater exposure to the artificial intelligence boom, while the energy shock triggered by the