Malaysia’s IHH submits $843-873m bid for India’s Medanta, Temasek likely to follow suit

Photo: Pradeep Gaur/Mint

Malaysia’s IHH Healthcare Bhd has submitted a bid to buy a controlling stake in Medanta-The Medicity super specialty hospital, two people aware of the development said. The bid values the premier hospital at Rs5,500-5,700 crore, the first of the two people said on condition of anonymity.

US-based private equity fund Carlyle Group owns 27% in Gurugram-based Medanta, while Singapore’s Temasek Holdings Pte holds 18%. Cardiac surgeon Naresh Trehan, his family and Medanta co-founder Sunil Sachdeva own the rest.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter