Final, definitive documents between OTPP and Manipal Hospitals could be signed within the next few days
As part of its first control private equity buyout in India in 2022, Canadian pension fund Ontario Teachers Pension Plan (OTPP) acquired a majority stake in Pune based Sahyadri Hospitals Group from the Everstone Group
As part of its first control private equity buyout in India in 2022, Canadian pension fund Ontario Teachers Pension Plan (OTPP) acquired a majority stake in Pune-based Sahyadri Hospitals Group from the Everstone Group
Preliminary bids were in excess of Rs 5,500 crore but final offers could vary depending on the outcome of the due diligence and ongoing negotiations, sources aware of the development said
As part of its first control private equity buyout in India, in August 2022, OTPP acquired a significant majority stake in Sahyadri Hospitals from the Everstone Group
The pension fund is also planning to rope in a domestic I-bank as a second advisor