"The company has sold it's entire shareholding of 8,601,979 equity shares in Global Health Pvt Ltd (GHPL), amounting to 17.74 percent of the issued equity share capital of GHPL, to Dunearn Investments (Mauritius) Pte Limited, (Dunearn)," Punj Lloyd said.
Engineering major Punj Lloyd on Monday said it has sold its entire 17.74 percent stake in Global Health Pvt Ltd, which owns Gurgaon-based Medanta Medicity hospital among others, to an arm of Singapore's state-owned investment company Temasek Holdings.
No financial details of the deal were, however, disclosed. "The company has sold it's entire shareholding of 8,601,979 equity shares in Global Health Pvt Ltd (GHPL), amounting to 17.74 percent of the issued equity share capital of GHPL, to Dunearn Investments (Mauritius) Pte Limited, (Dunearn)," Punj Lloyd said in a filing to BSE.
Dunearn is a wholly-owned subsidiary of Temasek Holdings Pte Ltd, it added. "GHPL is an owner and operator of hospitals and medical clinics," Punj Lloyd said.
Punj Lloyd stock price
On January 20, 2015, at 11:11 hrs Punj Lloyd was quoting at Rs 38.25, up Rs 0.50, or 1.32 percent. The 52-week high of the share was Rs 60.85 and the 52-week low was Rs 24.90.
The latest book value of the company is Rs 112.93 per share. At current value, the price-to-book value of the company was 0.34.
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