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It was announced today that Temasek has signed definitive agreements to acquire an additional 41% stake in MHE. Founded in 1991 by Dr Ramdas Pai, its Chairman Emeritus, Manipal Hospitals is a leader in healthcare delivery in India. Following the
TPG, which first invested in MHEPL through TPG Asia VI in 2015, will fully exit, but it will hold an interest of 11 per cent in the hospital chain through its new Asia fund, the TPG Asia VIII, MHEPL said.