Global Health Limited's IPO to open on November 3: Red Herring Prospectus
The initial share sale of Global Health Limited, which operates and manages hospitals under the Medanta brand, will open for public subscription on November 3.
The Initial Public Offering (IPO) will conclude on November 7, according to the Red Herring Prospectus (RHP).
The IPO consists of a fresh issue of equity shares aggregating to Rs 500 crore and an offer for sale of up to 5.08 crore equity shares.
As a part of the OFS, Anant Investments, an affiliate of private equity major Carlyle Group and Sunil Sachdeva (jointly with Suman Sachdeva), will offload equity shares.
At present, Anant Investments holds 25.67 per cent shareholding in Global Health and Sachdeva owns 13.43 per cent stake in the company.
Proceeds from the fresh issue will be used to pay debt and general corporate purposes.
Founded by Naresh Trehan, a renowned cardiovascular and cardiothoracic surgeon, Global Health is a leading private multi-speciality tertiary care providers in the North and East regions of ...