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Market ends with minor cuts; Nifty settles below 23,400 level
The Nifty settled below the 23,400 mark. Metal, IT and oil & gas stocks witnessed selling pressure, while media, healthcare and realty shares attracted buying interest.
Paras Healthcare IPO: Company files DRHP with SEBI to raise ₹1,800 crore via public issue
The proposed IPO comprises a fresh issue of equity shares aggregating up to ₹500 crore and an offer for sale (OFS) of shares worth up to ₹1,300 crore by the selling shareholder, taking the total issue size to up to ₹1,800 crore.
Paras Healthcare plans ₹1,800 crore IPO, files draft papers with Sebi
Paras Healthcare Ltd, which operates hospitals under the 'Paras Health' brand, has filed preliminary papers with capital markets regulator Sebi to raise up to Rs 1,800 crore through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 500 crore and an Offer-For-Sale (OFS) of equity shares worth up to Rs 1,300 crore by the selling shareholder, according to the draft red herring prospectus (DRHP) filed on Thursday. Those selling shares include promoter Dharminder Kumar Nagar and other investors. The Gurugram-based company intends to utilise the proceeds from the fresh issue towards prepayment or repayment of certain outstanding borrowings, investment in its wholly-owned subsidiary PMHPL for its debt payment, and for general corporate purposes. Paras Healthcare is a clinical specialty-led hospital platform providing tertiary and quaternary healthcare services through a network of eight hospitals with an aggregate capacity of
Savings Scheme, Succession Planning Among Perks Offered By UAE Firms To Retain Employees
For years, employee benefits have centred around immediate needs like healthcare and insurance.
Manipal Health picks up hospital building in Bengaluru through 30-year lease
Manipal Health Enterprises has secured a large hospital building in Bengaluru's Yelahanka area. The lease spans nearly 30 years, with total rental payments projected at over Rs 816 crore. This move signifies the hospital chain's ongoing expansion across major Indian cities. The transaction underscores the growing trend of healthcare operators prioritizing long-term occupancy in prime urban markets.
Aurobindo Pharma receives USFDA approval for Tofacitinib Tablets
The product will be manufactured at APL Healthcare Unit IV, a wholly owned subsidiary of the company and will be launched immediately.
Aurobindo Pharma gets final FDA nod for tofacitinib tablets which target rheumatoid arthritis
The tablets will be manufactured at APL Healthcare unit IV, a wholly-owned subsidiary of the company, and will be launched immediately. Shares of Aurobindo Pharma Ltd ended at ₹1,467, up by ₹26.70, or 1.85%, on the BSE today, June 4.
PE wars to billion-dollar IPO dreams, hospital sector is fighting fit
Major private equity firms are vying for a stake in Cloudnine, a leading maternity and paediatric care chain. This intense competition highlights strong investor confidence in India's healthcare sector. The industry is entering a new growth phase driven by increasing demand, a shortage of hospital beds, and a rise in specialized medical services.
Hexaware Technologies inks strategic collaboration with HBSUK
Hexaware Technologies announced a strategic collaboration with UK-based healthcare services provider HBSUK to enhance the latter's workforce management proposition.
Apollo Hospitals Takes Rs 100-Crore Hit On Middle-East Conflict; HealthCo Demerger By Year-End
Apollo HealthCo houses the pharmacy distribution, digital health and omnichannel healthcare businesses
BofA sees domestic growth, Semaglutide opportunity driving pharma in FY27
Neha Manpuria, Senior Analyst - Pharma, Healthcare at BofA Global Research, says semaglutide launches could emerge as a key growth driver for Indian pharma companies in FY27.
Asia Healthcare Holdings eyes IPO within 18 months amid market concerns - Investing.com India
Asia Healthcare Holdings eyes IPO within 18 months amid market concernsInvesting.com India