We will continue to hold 30% in Manipal Health: Manipal group chairman

In a Q&A, Dr Ranjan Pai also confirms that Manipal Health will look for a listing going forward

Dev Chatterjee Sohini Das Mumbai

Premium

Dr Ranjan Pai, chairman, Manipal Group

4 min read Last Updated : Apr 10 2023 | 5:32 PM IST

Listen to This Article

After selling a significant stake to Singapore-based Temasek, Dr Ranjan Pai, chairman, Manipal Group, says he would not want to dilute his stake below 30 per cent. Speaking to Sohini Das and Dev Chatterjee, Pai confirms that going forward Manipal Health will look for a listing. Edited excerpts.

Why did you choose Temasek over others?

We have always wanted to have a long-term partner in health care. Most private equities have a 4-5 year window. Temasek was looking at a long-term investment in India, and this is what excited us. This isn't like a traditional investment from private equity. We were also looking for an exit for TPG, and that’s how the conversation started. We had some debt in the holding company which we wanted to pare. We thought this could be one way to look at it – we take care of our debt, we have a long-term partner. They have been with us for the