India: Rainbow Children’s Medicare prepares Rs20bn IPO for 2022

Multi-specialty paediatric, obstetrics and gynaecology hospital chain, Rainbow Children’s Medicare, has filed with SEBI for an IPO for around Rs20bn (US$269m). Proceeds will mainly be used to set up new hospital, purchase medical equipment with the remainder going towards repaying debt. Promoters Ramesh Kancharla, Dinesh Kumar Chirla and Adarsh Kancharla and the UK’s development finance…

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