Shardul Amarchand Mangaldas & Co. advises Mubadala on Manipal Health Enterprises’ IPO

Shardul Amarchand Mangaldas & Co. (SAM) acted as Indian legal counsel to Seventy Second Investment Company LLC, an affiliate of Mubadala Investment Company (the Mubadala Selling Shareholder), in connection with the initial public offering of equity shares by Manipal Health Enterprises Limited aggregating to approximately 92,752.16 million (approximately USD973.1 million), comprising a fresh issue of equity shares aggregating to 80,000.00 million and an offer for sale aggregating to 12,752.16 million by the Selling Shareholders. SAM advised the Mubadala Selling Shareholder on all aspects of Indian law relating to the transaction, including the offer for sale by the Mubadala Selling Shareholder in connection with the IPO and the review, negotiation and finalisation of the transaction documentation. The equity shares of Manipal Health Enterprises Limited were listed on BSE Limited and the National Stock Exchange of India Limited on 5 August 2026. The SAM transaction team was led by Prashant Gupta, Partner and National Practice Head Capital Markets, and Manjari Tyagi, Partner; along with Jheel Bhargava, Senior Associate; and Bhumika Panigrahi, Associate. The Tax aspects of the transaction were led by Gouri Puri, Partner, supported by Nimish Malpani, Principal Associate.