| Infrastructure firm Punj Lloyd has sold its entire 17.74 per cent stake in Global Health Pvt Ltd, which owns and runs Gurgaon-based multi specialty hospital Medanta - The Medicity, to Singapore's state-owned investment firm Temasek, for an undisclosed amount, it said on Monday.
The firm had been looking to sell its stake for a while and previously had indicated it was looking to seal the transaction by June 2014. This stake was valued around Rs 650 crore ($105 million), based on the last transaction in the firm in late 2013. Separate media reports had said that it is worth around Rs 700 crore ($113 million), citing sources...............................................Full Article: Source
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