GIC picks majority stake in Asia Healthcare
Mint Chennai|December 19, 2024
GIC will invest an additional $150 million in Asia Healthcare Holdings ahead of a potential initial public offering
Jessica Jani & Priyamvada C

Singapore sovereign fund GIC will invest an additional $150 million in Asia Healthcare Holdings (AHH) ahead of a potential initial public offering (IPO). The investment will make GIC the largest shareholder in AHH, and follows GIC's first investment of $170 million in the platform in February 2022.

The investment will likely value AHH at $800-900 million, according to a person aware of the development.

With the latest transaction, global private equity firm TPG will transition to a minority stakeholder in the healthcare platform, and GIC will hold the majority stake, according to the healthcare platform's release on Wednesday.

هذه القصة مأخوذة من طبعة December 19, 2024 من Mint Chennai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 19, 2024 من Mint Chennai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من MINT CHENNAI مشاهدة الكل
Mint Chennai

Chhaava's on-screen success fails to light up PVR Inox stock

Flop show

time-read
1 min  |
March 11, 2025
Mint Chennai

'Eternal' name gets shareholder nod

The shareholders of Zomato have approved a special resolution to rename the firm 'Eternal', the company informed in a stock exchange filing.

time-read
1 min  |
March 11, 2025
Mint Chennai

Trump Says Four Bidders in Play for TikTok Deal 'Soon'

The social media platform faces a deadline of 5 April to strike a deal for its US operations

time-read
2 mins  |
March 11, 2025
Mint Chennai

Vanuatu PM cancels Lalit Modi passport

Vanuatu Prime Minister Jotham Napat on Monday directed the Citizenship Commission to cancel the passport issued to Indian Premier League (IPL) founder Lalit Modi, saying that the fugitive was attempting to avoid his extradition.

time-read
1 min  |
March 11, 2025
Mint Chennai

CleanMax, Osaka Gas Announce JV

Brookfield-backed firm CleanMax on Monday announced a joint venture partnership with Osaka Gas Group to develop a 300 megawatts (MW) renewable energy portfolio entailing an investment of ₹1,500 crore.

time-read
1 min  |
March 11, 2025
Mint Chennai

India, EU resume FTA negotiations

India and the European Union (EU) resumed talks for a free trade agreement on Monday after a gap of more than five months, against the backdrop of a fragmented global economic order.

time-read
1 min  |
March 11, 2025
Mint Chennai

Retail inflation likely eased to 3.9% in Feb

India's retail inflation likely eased further to 3.9% in February from 4.3% in the previous month, driven by a continued decline in food prices, according to a Mint poll of 25 economists.

time-read
1 min  |
March 11, 2025
Mint Chennai

Cognizant on a tightrope as new challenge pops up

Globally, 243 activist campaigns were launched in 2024, highest since 2018, according to a Barclays report

time-read
1 min  |
March 11, 2025
Mint Chennai

Will Push for Comprehensive Trade Partnership with India

A head of his trip to India, New Zealand Prime Minister Christopher Luxon has said he will push for a comprehensive economic partnership with New Delhi and explore ways to strengthen bilateral security ties.

time-read
1 min  |
March 11, 2025
Mint Chennai

Formulate a plan to boost India's agricultural exports

Lowering tariffs to meet Trump's demands won't hurt if India can lift farm output and penetrate export markets

time-read
4 mins  |
March 11, 2025