Bengaluru: Manipal Hospitals has fully redeemed the outstanding listed non-convertible debentures (NCDs) worth Rs 5310 cr issued by its wholly owned subsidiary, Manipal Hospitals Private Limited.
The healthcare major said, “The redemption was undertaken using the relevant portion of the IPO proceeds, in accordance with the objects of the Initial Public Offering disclosed in the Prospectus dated July 31, 2026.”
The redemption includes the outstanding NCD principal, along with accrued interest and applicable prepayment/early redemption costs.
Manipal said the debt reduction is expected to support the company’s focus on profitable growth and operational efficiency, while providing greater financial flexibility for its ongoing expansion and investment priorities.
Sameer Agarwal, Chief Financial Officer, Manipal Health Enterprises Limited, said, “The full redemption of ₹5,310 crore of NCDs is an important milestone in our post-listing journey. By deploying the IPO proceeds towards debt repayment as planned, we are strengthening our balance sheet, reducing our interest burden and creating greater financial headroom to support our growth plans. This gives us greater flexibility to continue investing in capacity, technology and talent while remaining focused on delivering quality and affordable healthcare.”
