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    HomeNewsBusinessCompaniesPunj Lloyd says no plans to sell stake in Medanta

    Punj Lloyd says no plans to sell stake in Medanta

    Medanta Medicity Hospital, co-promoted by cardiac surgeon Naresh Trehan and Sunil Sachdev who holds around 54 percent stake, is spread over 50 acres and has a capacity of 1,250 beds and over 350 critical care beds and 45 operation theatres. Punj Lloyd holds 17 percent stake in the hospital.

    February 10, 2014 / 22:28 IST
       
       
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      Punj Lloyd today said it is not in talks with US-based private equity firm Kohlberg Kravis Roberts (KKR) to sell its 17 percent stake in Gurgaon-based multi speciality Medanta Medicity Hospitals.

      "At no point has KKR approached Punj Lloyd to buy out its stake in Medanta," the company said in a statement.     

      It termed as "speculative and incorrect" reports that Punj may sell the stake to cut its debt.

      Medanta Medicity Hospital, co-promoted by cardiac surgeon Naresh Trehan and Sunil Sachdev who holds around 54 percent stake, is spread over 50 acres and has a capacity of 1,250 beds and over 350 critical care beds and 45 operation theatres. Punj Lloyd holds 17 percent stake in the hospital.

      first published: Feb 10, 2014 10:28 pm

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