Reuters General Electric Co is offering 25 million of common stock, or an over 2 billion stake, in GE HealthCare Technologies Inc, according to a regulatory filing on Monday.
Under the debtforequity exchange agreement, GE is expected to exchange 28.75 million GE HealthCare shares for debt held by affiliates of Morgan Stanley, GE HealthCare said in the filing.
Evercore ISI, Morgan Stanley, BofA Securities, Citigroup and Goldman Sachs are joint lead bookrunners for the offering.
GE HealthCare made its Nasdaq debut earlier this year after completing its spinoff from GE.
Reporting by Raghav Mahobe in Bengaluru; Editing by Maju Samuel
Source Reuters