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Global Health files DRHP with SEBI

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The initial public offering consists of equity shares of face value of Rs. 2 each of Global Health Limited

Global Health Limited (“Medanta” or the “Company”) has filed its draft red herring prospectus (“DRHP”) in connection with its initial public offering (“IPO”) with the Securities and Exchange Board of India (SEBI).

Under the “Medanta” brand, they have a network of four hospitals currently in operation (Gurugram, Indore, Ranchi and Lucknow), a hospital which is under construction with an operational outpatient facility (Patna), and one hospital (Noida) planned for development. As at March 31, 2021, Medanta provided healthcare services in over 30 medical specialties and engaged over 1,100 doctors led by highly experienced department heads. Spanning an area of 3.7 million sq. ft., the operational hospitals have 2,176 installed beds.

The initial public offering consists of equity shares of face value of Rs. 2 each of Global Health Limited. The offer comprises of fresh issue of aggregating up to Rs. 5,000 million (the “Fresh Issue”) and an offer for sale of up to 48,440,000 equity shares.

The Net Proceeds from the fresh issue are proposed to be utilised towards funding the following objects: (i) Repayment/prepayment of borrowings, in full or part, of the Subsidiaries, GHPPL and MHPL; and (ii) General corporate purposes.

The book running lead managers to the offer are Kotak Mahindra Capital Company Limited, Credit Suisse Securities (India) Private Limited, Jefferies India Private Limited and JM Financial Limited.

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