India: Promoter of Metropolis sells stake to pay debt

Ameera Sushil Shah, managing director, Metropolis Healthcare

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…

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