Manipal Health Enterprises has received Sebi approval for its initial public offering. The company plans to raise approximately ten thousand crore rupees through this offering. A significant portion of the funds will repay subsidiary borrowings. Another part of the proceeds will fund a stake acquisition. This move signals a major step for the healthcare provider's expansion plans.

Manipal Health Enterprises, backed by Temasek, has secured SEBI approval for its $1.2 billion IPO, aiming for a stock market debut by late July or early August.

SEBI approves IPOs for Manipal Health to raise ₹8,000 crore and Rentomojo to raise ₹150 crore for expansion.