You are here: Home » PTI Stories » National » News
Business Standard

Panacea Biotec up nearly 4% on Narayana Hrudayalaya deal

Press Trust of India  |  New Delhi 

of today rose by nearly 4 per cent after the company entered into an agreement with Hrudayalaya to sell its subsidiary NewRise Healthcare for an enterprise value of Rs 180 crore.

of the company jumped 3.61 per cent to settle at Rs 164.85 on During the day, it gained 9.61 per cent to Rs 174.40.

At NSE, of the company rose by 2.94 per cent to close at Rs 164.05.

The scrip of Hrudayalaya however, fell by 0.22 per cent to end at Rs 317.65 on

The company has "entered into a definitive agreement to acquire 100 per cent stake in NewRise Healthcare Pvt Ltd from Ltd to announce its first hospital in Gurugram", Hrudayalaya said in a filing today.

NewRise Healthcare has set up a multi-speciality hospital in Gurugram which is in final stages of completion and is expected to be commissioned within the next nine months.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 21 2017. 20:07 IST