Loading ...
Sunday, August 25, 2019
The World News For Abu Dhabi-based NMC billionaire BR Shetty, 2019 is looking up Gulf News
By Vijay Valecha in 'Century in News'
Dubai: For Abu Dhabi-based billionaire Bavaguthu Raghuram Shetty, 2019 is looking up.
Shares of NMC Health Plc, the London-listed hospital operator that he founded, soared as much as 42% on Thursday, erasing a big chunk of their decline for the year. Another major investment for the 77-year-old Indian-born investor, financial services company Finablr Plc, is up more than 25% from its recent low, wiping out the slump since its initial public offering in May.
NMC shares surged after Reuters reported that two groups have made competing bids for a 40% stake in the company, citing people familiar with the deal. One of the groups is backed by Chinese conglomerate Fosun, Reuters said.
NMC on Thursday also reported earnings in line with analyst estimates and said it plans to buy back as much as $200 million of stock. NMC was trading 26% higher at 11 a.m. in London.
The report of interest in the NMC stake held by United Arab Emirates-based investors stung the short sellers who had been betting on a further slump in NMC shares. Speculators had been targeting the company because of its high leverage, concern about corporate governance and rising receivables.
__1614499204.jpg)
__905295794.jpg)
__1390687031.jpg)
__1412863196.jpg)
__901852523.jpg)
Regulated by SCA
Century Financial Consultancy LLC
Reach us:
-
Dubai
6th Floor, Emaar Square Building 4,
Downtown, Dubai, P.O. Box 65777,
Dubai, United Arab Emirates -
Abu Dhabi
27th Floor, Office 2701,
Shining Towers, Abu Dhabi, UAE - +971 (4) 356 2800
- info@century.ae
Disclaimer: Trading in financial products carries substantial risk. Leveraged over-the-counter (OTC) derivatives, such as Contracts for Difference (CFDs) and spot forex, may result in losses exceeding initial deposits and may not be suitable for all investors. These complex instruments do not confer ownership of the underlying assets. Investors should carefully consider their investment objectives and risk appetite, and seek independent professional advice if necessary.
Century Financial Consultancy LLC (CFC) is licensed and regulated by the Securities and Commodities Authority (SCA) of the UAE under license numbers 20200000028 and 301044 to carry out the activities of Trading Broker in international markets, Trading Broker of OTC derivatives and currencies in the spot market, Introduction, Financial Consultations, and Promotion. CFC is incorporated under UAE law, registered with the Dubai Economic Department (No. 768189), with its office at 601, Level 6, Building No. 4, Emaar Square, Downtown Dubai, UAE, PO Box 65777.
The content on this website is provided solely for informational and educational purposes and does not constitute an offer, recommendation, or solicitation to buy or sell any securities or financial products.
Products and services offered by CFC are not intended for use in any jurisdiction where such use or distribution would breach local laws or regulatory requirements.
Alert: Fraudulent Activity Notice
Century Financial Consultancy LLC (“Century”) has become aware of fraudulent individuals and entities impersonating our firm through unofficial websites, social media channels, and messaging applications such as Telegram, WhatsApp, and Discord.
Please be advised:
- Century does not manage investments on behalf of clients.
- Century does not solicit funds or guarantee investment returns.
- Century does not accept or make payments in cash, cryptocurrency, or digital assets.
- We do not conduct business via social media or messaging platforms.
Our only official website is www.century.ae, and all communication is conducted exclusively through verified channels.
We strongly urge the public to remain vigilant, verify the authenticity of any communication claiming to be from Century, and report any suspicious activity. Century disclaims any responsibility for losses arising from dealings with unauthorised or fraudulent parties.
