Manipal Hospitals said to cut valuation to $8.3 billion in IPO

Manipal Hospitals is planning an IPO with a valuation of $8.3 billion, down from a previous target.

The company aims to raise up to ₹11,000 crore through the share sale.

The IPO is likely to be launched in the week starting July 27.

Manipal Hospitals is backed by Temasek Holdings Pte.