Temasek owned Sheares Health, is in advanced negotiations to sell 8-9% of its 59% interest in Manipal Health Enterprises to Abu Dhabi fund Mubadala and the sovereign wealth fund of Brunei, Brunei Investment Authority (BIA), said people in the know.
After pocketing $1 billion from sale of stake in hospital chain Manipal Health Enterprises to Temasek, healthcare and education tycoon Ranjan Pai sees niche in deploying “confidence capital” to entrepreneurs through new family office.