Temasek-Backed Manipal Hospitals Files for $1 Billion India IPO

Manipal Health Enterprises Pvt. has filed draft papers for an initial public offering, setting the stage for what could be India’s largest listing by a hospital operator.

The share sale will include an offer by existing investors to sell as many as 43.23 million shares, representing a 3.66% stake, alongside a fresh issue of shares worth 80 billion rupees ($852 million), according to the filing.