Hospital stocks extend fall for 2nd day; Apollo, Fortis, Max, Medanta down up to 11%
Max Healthcare was the top loser with a 11% fall, followed by Yatharth, Medanta, Fortis, Apollo, Aster DM Healthcare, among others.
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Medanta operator Global Health lists at 19% premium; Bikaji Foods surges 8% on debut
The IPO of both companies received strong demand from qualified institutional buyers, but a relatively muted response from high networth individuals (HNIs) and retail investors.
Four IPOs worth ₹4,500 cr open this week; check details
DCX Systems will be the first IPO to open on October 31, followed by Fusion MicroFinance on November 2, whereas Medanta and Bikaji Foods will hit the D-Street on November 3.
Ranjan Pai: Building a healthcare empire
With Manipal Hospitals wrapping up a deal to buy Columbia Asia Hospitals, Ranjan Pai has chalked off a major item on his bucket list: building a pan-India hospital chain. But he is far from done.
Manipal Hospitals: Just what the doctor ordered
Losing the bidding war for Fortis was a setback for Ranjan Pai and his Manipal group, but that hasn’t dampened his enthusiasm. His plan to expand the group’s base and business portfolio is still on.
Tehran's new testament
High-profile heart surgeon Naresh Trehan has staked everything on Medanta, the hospital that could be the genesis of a new health care system in the country.
