Manipal, backed by Temasek Holdings, is looking to secure $466 million in debt from banks like DBS, Deutsche Bank, JPMorgan, and Standard Chartered to fund a hospital deal.
The funds may be raised through local currency bonds or loans with tenors of three to five years, with final details yet to be settled.
Representatives for DBS and Deutsche Bank declined to comment, while Manipal, JPMorgan, and Standard Chartered didn't respond to requests for comment.
Ontario Teachers’ Pension Plan Board recently agreed to sell its majority stake in Sahyadri Hospitals to Manipal Hospitals, opening up acquisition financing opportunities for international lenders looking to expand in India.