JP Morgan Mauritius, Copthall sell stake in Narayana Hrudayalaya
New Delhi: JP Morgan Mauritius Holdings IV and Copthall Mauritius Investment have sold 1.70% stake in healthcare provider Narayana Hrudayalaya for an estimated over Rs100 crore.
According to a Bombay Stock Exchange (BSE) filing on Thursday, JPMorgan Mauritius Holdings IV and Copthall Mauritius Investment decreased their shareholding in the company to 1.43%, from 3.13%, by selling 34.77 lakh shares in the open market on 6 July.
The transaction was carried out on 6 July. Based on the weighted average price of Rs299.93 per share on the BSE, the deal is estimated to be worth Rs104.29 crore.
On Wednesday, Narayana Hrudayalaya reported a 36% decline in net profit at Rs10.9 crore for the first quarter ended June. Its consolidated total operating income grew 15.3% to Rs521.1 crore.