PRESS: Shetty Turns To Financial Advisors Amid NMC, Finablr Confusion

(Alliance News) - NMC Health PLC's founder and former chair Bavaguthu Raghuram Shetty has called ...

Alliance News 21 February, 2020 | 4:16PM
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(Alliance News) - NMC Health PLC's founder and former chair Bavaguthu Raghuram Shetty has called on US investment bank Houlihan Lokey Inc to advise him on his portfolio and debt restructuring, Reuters reported on Friday.

A source told Reuters that Shetty has called on the California-based financial advisors as he looks to assess his "strategic options".

https://uk.reuters.com/article/uk-brs-ventures-debt/nmc-founder-shetty-appoints-houlihan-lokey-as-financial-advisor-source-idUKKBN20F1E3

The news comes as UAE-focused hospital operator NMC, and currency services provider Finablr PLC have called on Shetty to clarify his shareholdings in both companies.

On Friday, NMC, who Shetty resigned as non-executive chair of earlier this week, reiterated that it continues to seek clarity in regards to holdings of major investors, including Shetty.

Finablr on Wednesday said it on Wednesday said it has "urgently" called on the family of its Co-Chair Shetty to clarify "purported arrangements" he has made with two other investors involving shares in the company.

FTSE 100 firm NMC Health was trading 1.0% lower at 849.20 pence each shortly before market close in London on Friday. On the FTSE 250, Finablr was down 5.6% at 71.20p.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
NMC Health PLC
Finablr PLC 11.03 GBX 0.00 -

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