September 21, 2014 1:06 PM ET

Diversified Consumer Services

Company Overview of Manipal Education and Medical Group International India Pvt. Ltd.

Company Overview

Manipal Education and Medical Group International India Pvt. Ltd., through its subsidiaries, provides education and healthcare services in India and internationally. It manages universities and professional institutions, including medical colleges, teaching hospitals, and medical science and technology institutions through which it provides bachelor’s and master’s degree programs in various streams. The company also manages healthcare institutions, super-specialty care hospitals, and rural maternity and child welfare homes. In addition, the company researches and develops technologies in various medicine and treatment areas. Manipal Education and Medical Group International India Pvt. Ltd. w...

Manipal Towers

14 Airport Road

Bengaluru,  560 008

India

Founded in 1953

Phone:

91 80 2520 2304

Fax:

91 80 2520 2250

Key Executives for Manipal Education and Medical Group International India Pvt. Ltd.

Chief Executive Officer
Chairman and President
Compensation as of Fiscal Year 2014.

Manipal Education and Medical Group International India Pvt. Ltd. Key Developments

MEMG Reportedly To Buy Back Its Stake From Existing Investors

Manipal Education and Medical Group (MEMG) International India Pvt. Ltd. want to buy back its stake from the existing investors. Vineetha Athrey of CNBC-TV18 reported that MEMG is in advanced talks to acquire its stakes from IDFC Private Equity and Capital International, Inc. Manipal plans to raise INR 12.5 billion to fund this buyout. MEMG wants to buyout stakes from PremjiInvest and Catamaran Investment Pvt Ltd as well. However, it is believed that since these two investors came on board only 2 to 3 years ago, they may not be keen to exit MEMG.

Devry Reportedly Interested In Manipal Global

DeVry, Inc. is reportedly interested in investing in Manipal Global Education Services Private Limited subsidiary of Manipal Education and Medical Group (MEMG) International India Pvt. Ltd. as, IDFC Private Equity and Capital International, Inc. investors of are going to exit their investment soon, two investment bankers privy to the transaction indicate. However, Ranjan Pai, Managing Director and Chief Executive Officer of Manipal Global, said that it was preparing to provide an exit to IDFC PE and Capital International. However, he denied any interest from DeVry Inc. “A lot of global players in the education space come and talk to us. It may not necessarily be for an investment in Manipal Global. They may want to understand the market and, as part of the process, they discuss with us,” he added. Manipal Global had also held talks with Pearson plc, as well as Reliance Industries Limited, but could not make much headway. Pai, however, said the company wasn’t scouting for a strategic investor. DeVry Inc did not respond to queries.

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