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Hermes owning 6% is good also. They are big in ESG investing, and help companies improve their social footprint, they own 6%.
Indeed. Nice to have more shares in general ownership. More control, looks less like a private company. Should be good for nmc to compete on the world stage on its own merits.
Danny thank you. Who would you rather have holding here? Shetty or norges bank. So many want a piece of the pie here. Bigger players.
Very simple. B R Shetty is a bit stuffed and NMC will carry on without. Institutions piling in/holding. Change of management, more transparency in holdings and likely high profile recruitment of a replacement set of execs. A few reputations ruined here, but so far nothing affecting operational credibility of nmc
Shetty hasn't even been running nmc last 4 years its the CEO prasant M. Who has taken it to where it was. Its fall from grace was an attack from MWs and shorters. And these lot with the shares on collateral fed the shorters what they needed. As long as Prasant is concerned the business is doing what its been doing all this time which is hospitality and its been doing it well.
It will maybe go up or go down tomorrow. Whats happening to shetty is irrelevant now.
Who knows dogger but it seems to get more smelly by the day...I want to see £10/stability of sorts, before investing
Dogger you another halfwit? Didnt we see this with garydav...
He’ll either restructure the debt, or sell his stake in Finablr presumably - which in effect would be a full sale of Finablr as his stake sale would trigger buyout of minorities.
He probably holds about 5 million shares here if that....
halfful this will tank tomorrow surely after that revelation?
He burrowed 1 billion for finablr. Im guessing he needs to restructure before they sell all of his shares of there aswel.
Maybe this is where some of MWs allegations come from. A Holding Company cant trade on its own account, so all the costs get allocated out to subsidiaries. Now Shetty cant put anything through NMC hes forced to restructure debt etc...
Dogger why it be bad news.... he has less shares than the norges bank ffs.
Well he cant really sell nmc shares. The banks sold all of em off for him.
That's really bad news isn't it?
That’s the one!
‘NMC Health Plc founder Bavaguthu Raghuram Shetty hired Houlihan Lokey Inc. to explore strategic options for his holding company, including a potential debt restructuring or the sale of some assets, according to people familiar with the matter.
The investment bank is working with BRS Ventures Investment to revamp debt and seek potential investment partners or sell assets from the portfolio, which holds 30 companies including hospital operator NMC and financial services firm Finablr Plc, according to the people.’
Bloomberg article out saying NMc parent has hired houlihan - anybody got access?