India: Promoter of Metropolis sells stake to pay debt

The promoter and managing director of Mumbai-based diagnostics company Metropolis Healthcare has sold a 6.03% in the company to bring down debt. Ameera Shah sold 3 million shares at Rs1,383.44 (US$18.30) per share to raise Rs4.2bn. This was a 4.75% discount to the closing price of the stock on BSE on 23 June. The company…