Rs 5,800 cr Medanta-Manipal deal falls through as sides disagree over valuation – ( Both listened and what they both dont realize its a stroke of luck for both of them in way they will realize much later and thank us ha! )

Posted on Aug 25 2019 - 7:03pm by admin

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The Rs 5,800 crore Manipal-Medanta deal has fallen through, according to multiple sources who confirmed the two sides could not agree on the valuation. Both sides are yet to respond to queries from BusinessToday.In though in a quick phone call Medanta’s founder Chairman Dr Naresh Trehan said: “I have never said that the deal was on. It is media speculation. What have they done on their own side? That is what we are going to figure out. There were talks going on but I don’t know what happened at their end. I don’t know the full truth. The truth lies at their end and not at my end.” Trehan, his family and associates own 55 per cent stake in the hospital chain that owns facilities in Gurgaon, Lucknow, Ranchi, Indore and Sri Ganganagar. PE Fund Carlyle owns 27 per cent of the company while Singapore’s Temasek owns 18 per cent of both Medanta and Manipal.

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