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Global Health, Owner Of Medanta Healthcare Facility Chain, Files nitial public offering (IPO) Papers

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Global Health was established by Dr Naresh Trehan, a cardiovascular and cardiothoracic surgeonGlobal Health, the owner of Medanta healthcare facilities, has actually filed draft documents with Sebi to raise cash from the primary market.

The hospital chain's initial public offering (IPO) will make up a fresh concern of shares worth Rs 500 crore and an offer for sale (OFS) of up to 4.84 crore shares, according to its draft red herring prospectus filed with the market regulator.

Anant Investments, an affiliate of personal equity major Carlyle Group, will offer up to 4.33 crore shares and Global Health co-founder Sunil Sachdeva (jointly with Suman Sachdeva) will offload approximately 51 lakh shares in the OFS.The company will use the fresh issue proceeds to pay financial obligation and basic business purposes, whereas the OFS proceeds will go to the respective sellers.Global Health is among the biggest private multi-specialty tertiary care service providers in North and East India, with 4 hospitals under the Medanta brand name in Gurugram, Indore, Ranchi and Lucknow.

It is constructing one hospital at Patna and is one is at a preparation stage for Noida.

Global Health was established by cardiovascular and cardiothoracic cosmetic surgeon, Dr Naresh Trehan.Kotak Mahindra Capital Company, Credit Suisse Securities (India), Jefferies India and JM Financial are the book running lead managers to the IPO.




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