Temasek divests 1.1% stake in Indian hospital chain for 3.95 billion rupees: sources

TEMASEK has offered a 1.1 per cent stake in Indian non-public hospital chain Medanta for 3.95 billion rupees (S$64 million), sources near the Singapore funding firm have confirmed.

After trimming three million shares by way of its unit Dunearn Investments, it nonetheless retains a stake of about 17 per cent in Medanta.

The partial exit will generate an estimated realised inner charge of return of round 26 per cent over a maintain interval of 9 years, stated the sources on Thursday (Feb 15), placing the a number of on invested capital at eight instances.

Temasek invested round seven billion rupees in January 2015 to amass almost 18 per cent within the non-public hospital chain by way of Dunearn Investments.

It subsequently raised its stake in Medanta by way of its subsidiary Sheares Healthcare Group, however its general holding has been diluted over time to stay at about 18 per cent.

Temasek emerged as the most important private-equity fashion investor in India final 12 months, with a world portfolio worth of S$382 billion. Since the beginning of 2024, it has made three exits in its India’s portfolio.

In early February, it offered a 5.4 per cent direct stake in India-listed PB Fintech amid a rally in India’s tech shares, securing an inner charge of return of 40 per cent, and a a number of on invested capital at 14 instances.

It has additionally offered an 8 per cent stake within the firm behind India’s Manipal Hospitals to a consortium of latest traders, together with Mubadala Investment Company, Novo Holdings and the California Public Employees’ Retirement System. The transaction continues to be ongoing, and no inner charge of return is disclosed but, the sources informed The Business Times.