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Singapore-based investment firm <keyword id="6367519" type="General" weightage="80" keywordseo="temasek" source="Orion">Temasek</keyword> will acquire an additional 41 per cent stake in <keyword id="533812" type="General" weightage="100" keywordseo="manipal-health-enterprises" source="Orion">Manipal Health Enterprises</keyword>, to take majority control of the Bengaluru-based firm, as per a joint statement issued by the entities on Monday. The companies did not share financial details of the deal. Sources, however, said Temasek stake buyout would be for over Rs 16,300 crore valuing Manipal Health Enterprises (MHE) at around Rs 40,000 crore, making it the largest deal in the Indian healthcare sector. Following the closing of the transaction, <keyword id="6379586" type="General" weightage="50" keywordseo="manipal-group" source="Orion">Manipal Group</keyword> will hold about 30 per cent in Manipal Health Enterprises. Sheares Healthcare Group, a wholly-owned subsidiary and independently-managed portfolio company of Temasek, will retain its existing 18 per cent stake, it said. Besides, global alternative asset management firm <keyword id="6367884" type="General" weightage="80" keywordseo="tpg" source="Orion">TPG</keyword>, which first invested in MHE through TPG Asia VI in 2015, will fully exit. But, TPG will hold an interest of 11 per cent in the healthcare chain, through its new Asia fund - TPG Asia VIII, it added. National Investment &amp; Infrastructure Fund (NIIF) will exit its holding from MHE, the statement said. "We are very glad for Temasek's acquisition of a significant stake in Manipal Health Enterprises and its support to the management team in building out the platform to its full potential," Manipal Group Chairman <keyword id="354291" type="General" weightage="50" keywordseo="ranjan-pai" source="Orion">Ranjan Pai</keyword> said in a statement. Investing in healthcare requires a long-term outlook as well as a sensitivity to social responsibility, he noted. "I am glad that we have partners like Temasek and TPG who resonate with these values and will continue to be a part of the journey ahead. "I am also grateful to NIIF who partnered with us at a critical juncture, at the peak of the Covid-19 pandemic and supported us as we continued to provide high-quality healthcare," Pai added. Headquartered in Bengaluru, Manipal Hospitals currently serves over fifty lakh patients a year through its network of 29 hospitals. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/most-common-passwords-can-be-easily-cracked-by-ai-in-under-a-minute/articleshow/99379900.cms">AI chatbots are cracking the code: How PassGAN can break into 51% of common passwords in under a minute</a> <a href="https://www.businessinsider.in/tech/news/google-makes-it-easier-for-users-to-delete-their-account-and-data-from-applications/articleshow/99289621.cms">Google makes it easier for users to delete their account and data from applications</a> <a href="https://www.businessinsider.in/business/news/ipl-2023-to-drive-fantasy-sports-companies-to-2900-3100-crore-revenue/articleshow/99285556.cms">IPL 2023 to drive fantasy sports companies to ₹2,900-3,100 crore revenue, fueled by Tier-2 cities and exciting prizes</a>

Temasek to buy additional 41% stake in Manipal Health Enterprises for ₹16,300 crore

No single factor can make a man successful and rich. Opportunities, acumen and luck will have to play together to decide the professional as well as financial success of an individual. Becoming a successful businessman and a rich fellow in young years is no simple achievement. Here is a list of <keyword id="7699394" type="UNKNOWN" weightage="20" keywordseo="Top-10-young-businessmen">top 10 young businessmen</keyword> in India. 1. Vijay Shekar Sharma 
 
 
 <div type="image" title="Vijay Shekhar Sharma, founder of Paytm&amp;#39;s parent One97 Communications, speaks during the launch of a Citibank and Paytm credit card in Mumbai" msid="69572442" hostid="261" caption="&amp;lt;p&amp;gt;Vijay Shekhar Sharma, founder of Paytm&amp;#39;s parent One97 Communications, speaks during the launch of a Citibank and Paytm credit card in Mumbai, India, May 14, 2019. REUTERS/Francis Mascarenhas&amp;lt;/p&amp;gt;"></div>







 Aged 40 years, Vijay Shekar Sharma is the youngest awe inspiring businessman in India. With a net worth of $2.15 billion, he is the founder of Paytm, the mobile wallet concept. Following demonetization, Paytm notched about 300 million users and 12 million transactions in a day. 2. Shamsheer Vayalil 
 
 
 <div type="image" title="4-Dr-Shamsheer-Vayalil" msid="69572469" hostid="261" caption="&amp;lt;p&amp;gt;Arabian Business&amp;lt;/p&amp;gt;"></div>







 At an age of just 42, Shamsheer Vayalil has a net worth of $1.54 billion. Born in a business family in Kerala, he started just one hospital in Abu Dhabi with the support of his wealthy father-in-law. Today he owns a network of hospitals under the brand name VPS Healthcare besides the Rockland Hospital Chain in Delhi. 3. Sameer Gehlaut 
 
 
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 With a net worth of $4.2 billion, the 45 year old Sameer Gehlaut created the Indiabulls Housing Finance which is the second biggest mortgage lender in the nation. Starting the online brokerage firm Indiabulls in 1999, Gehlaut eventually swept the real estate industry of Mumbai thereby raising his fortune to great heights. 4. Acharya Balkrishna 
 
 
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 Aged 46 years, with a net worth of $4.8 billion, Acharya Balkrishna gets his fortune from the consumer goods giant Patanjali Ayurved. Owning 98.6% stake in this company, he has steered the growth of this firm to make an annual revenue of $1.6 billion. 5. Ranjan Pai 
 
 
 <div type="image" title="7717F5B4-60EB-44A3-9327-CD1BB85276B3" msid="69572535" hostid="261"></div>







 At an age of 46, Ranjan Pai has created a net worth of $1.6 billion. He controls the Manipal Group which owns six college and 16 hospitals doing a phenomenal job in the education and healthcare sectors. The group’s Manipal University has moe than 100,000 students and the overseas campuses are located in Malaysia, Antigua, Dubai and Nepal. 6. Vikas Oberoi 
 
 
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 The sixth youngest businessman in the list, Vikas Oberoi has a net worth of $1.8 billion at his 48th year. He controls the Oberoi Realty based in Mumbai. The firm is popular for its high end condos built in the suburban areas. He is at present creating a mall, hotel and full serviced apartments in Mumbai. 7. Kumar Birla 
 
 
 <div type="image" title="Mumbai: Aditya Birla Group Chairman, Kumar Mangalam Birla, announces the signing..." msid="69572569" hostid="261" caption="&amp;lt;p&amp;gt;Aditya Birla Group Chairman, Kumar Mangalam Birla, announces the signing of a definitive agreement to purchase Aleris Corporation, in Mumbai on Thursday, July 26, 2018.Photo)&amp;lt;/p&amp;gt;"></div> At an age of 51 years, Kumar Birla has made a net worth of $12.5 billion. The head of <keyword id="44373" type="COMPANY" weightage="20" keywordseo="Aditya-Birla-Group">Aditya Birla Group</keyword> reported with $44.3 billion, the group is a top player in the cement, aluminum and telecom domains. Kumar Birla inherited his fortune from his father Aditya Birla upon his death in 1995. 8. Sridhar Vembu 
 
 
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 The 51 years old Sridhar Vembu has a net worth of $1.56 billion. He is the owner of the private firm Zoho the manufacturer of cloud based software for businesses. With its 35 million users across the world, the company champions about 40 flagship apps. 9. Kalanithi Maran The 53 years aged Kalanithi Maran has a net worth of $3.75 billion. Son of a famed politician in Tamil Nadu, Kalanithi Maran is the mastermind behind the Sun TV Network started in 1993. Today this is a favorite channel for over 95 million households. The TV is also reaching 27 countries worldwide. 10. Jitendra Virwani Jitendra Virwani is the tenth youngest businessman in India aged 53 years and reporting a net worth of $ 2.35 billion. Based in Bengaluru, his Embassy Property Development Park is the biggest office parks developer in Bengaluru. The company has some prestigious multinational tenants like Google, IBM and Warburg Pincus.

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Temasek to buy additional 41% stake in Manipal Health Enterprises for ₹16,300 crore

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