Religare Health Trust to raise US$416mn via Singapore IPO: REPORT

Religare Health Trust is planning to raise S$511 million after pricing its initial public share offer in Singapore at S$0.90 a share, according to reports.

Reports stated that the final pricing would indicate a prospective distribution yield of 8.95%.

Religare will own hospital-related assets managed by Indian hospital group Fortis, reports said.

there are reports that the Religare has a mandate to invest in medical and healthcare assets and services in Asia, Australasia and emerging markets.