JPMorgan Mauritius Holdings IV and Copthall Mauritius Investment have sold 1.70 per cent stake in healthcare provider Narayana Hrudayalaya. With this, the investment firms have trimmed their shareholding in the company to 1.43 per cent from 3.13 per cent by selling 34.77 lakh shares in the open market on July 6. Based on the weighted average price of Rs 299.93 per share on the BSE, the deal is estimated to be worth Rs 104.29 crore.
Narayana Hrudayalaya is one of the leading private healthcare service providers in India, operating a chain of multispecialty, tertiary and primary healthcare facilities. The company reported a 36 per cent decline in net profit at Rs. 10.9 crore for the first quarter ended June. Its consolidated total operating income grew 15.3 per cent to Rs 521.1 crore.
