Tuesday 2 September 2014

Punj Lloyd rallies on reports of Medanta Medicity stake sale



BSE Code - 532693
Face Value - Rs 2.00
Group - BSE 'B'
Shareholding pattern - (a)Promoters - 37.16%
                                  (b)Institutions - 14.21%
                                  (c)Non-Institutions - 48.63%
One year High-Low -Rs 60.85 - Rs 20.25
     Punj Lloyd provides engineering, procurement, construction (EPC) and project management services. It provides services to oil and gas, energy, infrastructure petrochemical, telecom broadband and utilities sectors, among others.
     In a bid to cut its debt, Punj Lloyd is reportedly planning to sell its stake in Gurgaon-based multi specialty hospital Medanta Medicity Hospitals. The company will sell half of its 17% shareholding in Global Health, a company which owns, manages and operates the Gurgaon based hospital for around Rs 300 crore.
     Moreover, Singapore’s state investment company - Temasek -- is negotiating with the company to buy its minority stake in super specialty hospital -- Medanta Medicity.
     current stock price is 39.70, up by 1.85 points from its previous closing of Rs 37.85 on the BSE.


No comments:

Post a Comment

Results Today

          AIA Engineering Ltd, Anant Raj Ltd, Automotive Axles Ltd, Bandhan Bank, Coromandel International Ltd, Cadila Healthcare Ltd, BF Ut...