Matrix Partners, TPG Asia, and Norwest Ventures may also sell stake in the company, according to sources
Shares of Fortis Healthcare surged as much as 8 per cent on the company's plan to divest 64 per cent stake in Dental Corporation Holdings (DC), Australia, to UK-based Bupa, for A$270 million (about Rs 1,554.36 crore).
Shares in Apollo Hospitals Enterprise fell as much as 11.4% in opening trade a day after a source said brokerage CLSA is selling its stake for USD 135 million.
Larsen & Toubro Ltd , India's biggest engineering conglomerate, is seeking to sell a stake in its infrastructure unit to help fund its expansion as economic growth drives demand for roads, ports and bridges.
In an interview to CNBC-TV18, Manu Parpia, founder and managing director of Geometric Soft spoke about the latest happenings in his company and the road ahead.