July 9 (Reuters) - Ontario Teachers' Pension Plan (OTPP)
said on Wednesday that it has agreed to sell its majority stake
in India's Sahyadri Hospitals Group to Temasek-backed Manipal
Hospitals.
The pension fund, which acquired the stake in Sahyadri
Hospitals in 2022, did not disclose the value of the stake sale.
Manipal Hospitals said in a statement that the deal would
increase its total bed count to about 12,000, making it one of
India's largest hospital networks.
In June this year, KKR provided $600 million
financing to the Manipal Group to expand its corporate
development.