Hinduja Global Solutions share price was locked in 5 percent upper circuit on August 10 after the company entered into definitive agreement to divest its healthcare services business.
".... has entered into definitive agreements to divest its Healthcare Services business to funds affiliated with Baring Private Equity Asia (BPEA), company said in the release.
The transaction based on enterprise value of USD 1,200 million, subject to closing adjustments, is expected to complete within 90 days, subject to shareholder and other regulatory approvals, it added.
Post completion of the transaction, HGS will transfer all client contracts, employees, and assets, including infrastructure related to the Healthcare Services business.
Hinduja Global Solutions was quoting at Rs 3,235.85, up Rs 154.05, or 5 percent on the BSE.
There were pending buy orders of 110,825 shares, with no sellers available.
The share touched a 52-week high of Rs 3,269.20 and a 52-week low of Rs 650 on 19 July, 2021 and 04 November, 2020, respectively.
Currently, it is trading 1.02 percent below its 52-week high and 397.82 percent above its 52-week low.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
