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We will now begin a new journey to build a new India, says Narendra Modi

272/543
L :0
W :353
L :0
W :92
NDA :353
UPA : 92
LOK SABHA ELECTION RESULTS 2019
Total Constituencies
543
Voter Turnout
67.11%
NDA : 353
2014 : 354 Seats
BJP
303
+
SS
18
+
Other
32
UPA : 92
2014 : 66 Seats
INC
52
+
DMK
23
+
Other
17
OTH : 97
2014 : 107 Seats
TMC
22
+
YSRCP
22
+
Other
53
VIDEOS
Healthcare

Metropolis Healthcare IPO opens for subscription today

Updated : April 03, 2019 08:23 AM IST

The initial public offering (IPO) of Metropolis Healthcare, the third largest diagnostic company in India by revenue, opens for subscription on Wednesday and the company is aiming to raise around Rs 1,200 crore from the issue.

Metropolis is looking to raise funds from an offer for sale (OFS), which is basically the promoter selling the partial amount of stake as well as Carlyle exiting partial amount of stake also in the company.

That means that the leftover or the proceeds of the fund will not come to Metropolis, rather will be used by the promoters in order to pare down debt which they had taken back in 2015 in a structured deal with KKR in order to buyout Warburg Pincus’ stake within Metropolis.
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