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Artemis promoters buy ex-CEO's stake

20 Sep 2010 Evaluate

PTL Enterprises is buying a 15% stake in Artemis Health Sciences from its former CEO, Kushagra Kataria, Currently,PTL Enterprises owns 85% stake in Artemis, which operates a superspecialty hospital in Gurgaon. 

Early last year, Artemis had unsuccessfully explored options to sell about 15% stake to private equity firms for around `60 crore. So far, the company has invested about `220 crore in the 260-bed multi-specialty hospital, scaleable to 500 bed. DCGI to scan foreign drug facilities.

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