Manipal Hospitals Redeems ₹5,310 Cr NCDs Using IPO Proceeds

Manipal Health Enterprises Limited (Manipal Hospitals) has fully redeemed its outstanding listed non-convertible debentures (NCDs) worth ₹5,310 crore. The redemption utilized a portion of the proceeds from its Initial Public Offering (IPO). This move is a significant step in the company's post-listing financial strategy, aimed at strengthening its balance sheet, reducing interest burden, and improving financial leverage. The company also reported strong Q1 FY27 performance with revenue up 38.1% YoY to ₹3,091 crore and EBITDA up 26.4% to ₹749 crore. This proactive debt management is expected to provide greater financial flexibility for future growth and investment priorities.