Manipal Health Enterprises files $1.2 B IPO, targeting $10 B valuation
Temasek-backed Manipal Health Enterprises filed a draft prospectus for an up‑to‑$1.17 billion IPO, mixing an $852 million fresh issue with a $319 million offer‑for‑sale by existing investors. The deal could lift the chain’s valuation to roughly $10 billion, making it India’s first billion‑dollar healthcare listing amid volatile markets.