Mubadala Investment Company Expands Healthcare Footprint with Manipal Health Enterprises Deal
Mubadala Investment Company has officially announced its investment in Manipal Health Enterprises in India, following the regulatory clearance granted by the Competition Commission of India (CCI) for its subsidiary, Seventy Second Investment Company.
The Abu Dhabi-based firm's Mamoura Diversified Global Holding is the sole owner of the subsidiary.
The CCI approval, received on January 15 through the green channel route, enabling immediate clearance upon filing, permits Mubadala to acquire a stake in Manipal Health Enterprises, a prominent healthcare facility in India.
According to information from Zawya, this investment aligns with Mubadala's overarching strategy in the healthcare sector.
Manipal Health Enterprises, commonly known as Manipal Hospitals, operates under the Manipal Education and Medical Group (MEMG), headquartered in Bengaluru.
MEMG oversees a network of 33 hospitals spanning 17 cities in India.
Despite Mubadala's investment, Temasek, the Singapore-based global investment company, will maintain a majority stake in Manipal, ensuring ongoing strategic involvement in the operations of Manipal Health Enterprises.
Source: Bindu Rai / Zawya