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.
Bu hikaye Mint Bangalore dergisinin December 19, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Mint Bangalore dergisinin December 19, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
An image makeover for palm oil would be good for us
The ecological impact of this affordable oil is lower and health benefits greater than often portrayed
Can the Xi-Trump 'bromance' be revived? Else, ties may fray
Cordiality between the two leaders would favour both countries
Refrain from judicial overreach: It'll strengthen India's judiciary
The suo motu powers of courts are essential to secure justice and the public interest but their overuse can have adverse results
South Korea's political drama was worthy of applause
Its lawmakers were bravely joined by others to reject martial law and uphold democratic institutions
Market losses and mistakes are two completely different things
A loss needn't be a mistake. What matters is whether the process of taking the decision was right
THE ROAD TO BETTER WEALTH MANAGEMENT STARTS WITH A CONSOLIDATED VIEW
Management consultant, educator and author Peter
Swiss tax shakeup: Effect on Indian investors, workers
Investors face tax hike on dividend starting January, following Switzerland's MFN suspension
How to build a ₹5-cr nest egg with ₹1.5 lakh monthly salary
My cousin (35) earns ₹1.5 lakh per month and paid off a home loan. He invests ₹45,000 in mutual fund SIPs (Nippon Indian small cap, Mirae bluechip and PPFAS flexi-cap) a month; and ₹50,000 in National Pension System every year. How much more should he invest to build a ₹5-crore retirement corpus? -Name withheld on request
File wage details by January-end for higher pension
Retirement fund body, the Employees' Provident Fund Organisation (EPFO) has extended time till 31 January for employers to upload wages and other details regarding the 310,000 pending applications for pension on higher wages.
Telecom sector gets ₹331.8 cr PLI boost
The government has disbursed a total incentive of ₹331.86 crore to 18 of 42 beneficiaries under the telecom PLI scheme as on 31 October. Parliament was informed on Wednesday.
