Medanta raises Rs 661 crore from anchor investors

3 Nov 2022 , 07:36 AM

On November 2, Global Health, the owner of the hospital network “Medanta,” collected Rs661.67 crore from anchor investors, as part of its IPO. Up to 52 investors used the anchor book to subscribe to the IPO.

According to the company’s BSE filing, it has decided to allocate 1.96 crore equity shares to anchor investors at the top of the price range of Rs 336 per share after consulting with merchant bankers.

The Monetary Authority of Singapore, the Government of Singapore, Nomura Trust, Stichting Depositary APG Emerging Markets Equity Pool, the Ontario Teachers’ Pension Plan Board, Polar Capital Funds Plc, Government Pension Fund Global, Cohesion MK Best Ideas, and Affin Hwang INR Flexi Fund were notable investors that took part in the offering.

One of the leading private multi-specialty tertiary care providers, Global Health, is looking to generate Rs2,205.6 crore through its public offering. It operates in the north and east of India.

The initial public offering (IPO) consists of a new share issuance for Rs500 crore and an offer to sell 5.07 crore equity shares to selling stockholders.