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The Debentures carry a coupon rate of 7.47% per annum and are listed on both BSE Limited and National Stock Exchange of India Limited. The Issue received the highest long-term credit rating of “AAA/Stable” from CRISIL Ratings Limited and CARE Ratings Limited.
This landmark transaction will help establish that Indian debt capital markets have the ability and depth to finance such large ticket acquisitions and is one of the largest acquisition financings in the Indian healthcare space.
Manipal Hospitals’ latest acquisition will add a network of 11 hospitals across Pune, Nashik, Ahilya Nagar, and Karad to the group’s portfolio, further strengthening its position as one of India’s largest hospital networks.