Krupa Global Investors no longer interested in NMC Health stake after BR Shetty’s departure – The National

Krupa Global Investors no longer interested in NMC Health stake after BR Shetty’s departure – The National

"KGI considers Mr BR Shetty as a healthcare specialist.. Mr Shetty has dedicated his life building an empire of healthcare facilities.. NMC Health's shares have been under pressure since activist investor Muddy Waters published a report on December 17 alleging that the company had manipulated its balance sheet and inflated the prices of companies it acquired.. On Wednesday, the shares were trading 3.9 per cent lower at £8.11 at 1.46pm UAE time.. Some 4.8 million shares held by Mr Shetty directly had been transferred to First Abu Dhabi Bank, and more than 5.1 million shares held by him were transferred to Al Salam Bank as the shares had been pledged as security against credit facilities.. A further 20 million shares held by BRS International Holding, a company in which Mr Shetty is sole shareholder, may have actually been held for Mr Al Qebaisi and Mr Al Muhairi, an announcement made by the firm on February 10 said.. Of these, the company said on Tuesday that First Abu Dhabi Bank appeared to have sold about 10.9 million shares between February 3 and 6 this year.. On Friday last week, another company in which the three men are significant shareholders, UAE payments