Deal Street

July 29, 2020

S&R Associates represent the broker in the bulk sale of 3.05 million equity shares of Metropolis Healthcare Ltd.

[ by Legal Era News Network ]


Diagnostics chain Metropolis Healthcare Ltd’s promoter Duru Sushil Shah has divested 3.05 million shares or 6.03% stake in the company for Rs. 422.58 crore. The proceeds from this divestment are intended to be used for repayment of loans availed by Metz Advisory LLP, a promoter group entity, according to the BSE filing.

S&R Associates represented the broker in the bulk sale of the million equity shares of Metropolis Healthcare Limited on the BSE.

The S&R team was led by partner Sudip Mahapatra and included associate Abhiroop A. Datta.

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