Medanta brand-proprietor World Properly being files IPO papers with Sebi


Founded by Naresh Trehan, a famed cardiovascular and cardiothoracic surgeon, World Properly being is a number one inner most multi-speciality tertiary care companies within the north and east regions of India.

PTI

September 30, 2021 / 01: 51 PM IST

World Properly being, which operates and manages hospitals below the Medanta brand, has filed preliminary papers with capital market regulator Sebi to enhance funds through an initial allotment-sale.

The initial public offering (IPO) consists of a new field of equity shares aggregating to Rs 500 crore, and a proposal for sale of as much as 4.84 crore equity shares, in step with the draft crimson herring prospectus (DRHP).

As a allotment of the OFS, Anant Investments, an affiliate of non-public equity main Carlyle Neighborhood, will sell as much as 4.33 crore equity shares and World Properly being co-founder Sunil Sachdeva (collectively with Suman Sachdeva) will offload as much as 51 lakh equity shares.

At the 2nd, Anant Investments holds 25.67 p.c stake in World Properly being and Sachdeva owns 13.43 p.c stake within the firm.

Proceeds from the brand new field will almost definitely be ragged to pay debt and general corporate functions.

Kotak Mahindra Capital Company, Credit rating Suisse Securities (India), Jefferies India and JM Financial are the e book working lead managers to the IPO.

Founded by Naresh Trehan, a famed cardiovascular and cardiothoracic surgeon, World Properly being is a number one inner most multi-speciality tertiary care companies within the north and east regions of India.

World Properly being, backed by inner most equity traders similar to Carlyle Neighborhood and Temasek, operates a network of 4 hospitals below the Medanta brand in Gurugram, Indore, Ranchi and Lucknow. As smartly as, one smartly being center is below building in Patna, and one more planned for model in Noida. As smartly as, one smartly being center is below building in Patna, and one more planned for model in Noida.

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