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Manipal Group through its affiliates, Manipal Health Systems and Manipal Education and Medical Group India (MEMG), will acquire stakes Aakash Educational Services.
The transaction marks KKR’s latest and largest credit investment in India
Binod Kumar Mandal, 46, who is a director at Manipal Tech Group Companies, was travelling from Mangaluru to Mumbai on a two-day official trip and landed in the city on Wednesday, where he lost Rs 1 lakh and the 78-year-old pen.
The Manipal Group's family office had made a binding offer to invest up to Rs 1,300 crore in the online pharmacy
The Manipal Group family office may also secure a board seat at API Holdings and become its single largest shareholder.
IPO-bound Manipal Health Enterprises, which has nearly 8,000 beds across 28 hospitals, has been on a consolidation drive in the past few years with the acquisition of the Indian assets of Columbia Asia Hospitals and Bengaluru Vikram Hospitals
The investment round was led by IAN lead investors Sanjay Rishi, Raman Roy, and Manipal Group, Indium Finance said.
Continuing losses, and regulatory risks abound in health insurance. Investors will have to be patient.
Along with the name change, the company has adopted a new corporate identity, including a new logo and website.
However, Patel said, in order to minimise disruption in the customer experience in the company it will consult with them before taking any decision on changing the name after the change in partnership.
Fearing that unscrupulous use may hijack this promising field, stakeholders are racing to regulate its applications. Are they swift enough?
