JPMorgan Mauritius,Copthall sell stake in Narayana Hrudayalaya

New Delhi, Aug 3 (PTI) JPMorgan Mauritius Holdings IV and Copthall Mauritius Investment have sold 1.70 per cent stake in healthcare provider Narayana Hrudayalaya for an estimated over Rs 100 crore.Acc

New Delhi, Aug 3 (PTI) JPMorgan Mauritius Holdings IV and Copthall Mauritius Investment have sold 1.70 per cent stake in healthcare provider Narayana Hrudayalaya for an estimated over Rs 100 crore.

According to a BSE filing today, JPMorgan Mauritius Holdings IV and Copthall Mauritius Investment decreased 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.

The transaction was carried out 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.

On Wednesday, Narayana Hrudayalaya 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.

This is published unedited from the PTI feed.