• SENSEX
    NIFTY 50
Business

Manipal Hospitals eyes Rs 5,800 crore deal to buy Medanta, says report

Updated : May 27, 2019 08:47 AM IST

Cardiac surgeon Naresh Trehan and his family and co-founder Sunil Sachdeva jointly own 55 percent in the Medanta hospital chain and are set to sell their entire stake, the report said.
Manipal has begun due diligence on Medanta assets and the agreement is likely to be signed in the next 60 days. 
Ranjan Pai, CEO and managing director, Manipal Education and Medical Group (MEMG) owns 60 percent in Manipal and most of the financing will be done by him through equity and internal accruals, the report said.
Manipal Hospitals eyes Rs 5,800 crore deal to buy Medanta, says report
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV