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Businessman BR Shetty seeks CBI, ED probe of NMC, Finablr ex-CEOs over $6 bn scandal

Healthcare

12 October, 2020

Businessman BR Shetty seeks CBI, ED probe of NMC, Finablr ex-CEOs over $6 bn scandal

Indian entrepreneur BR Shetty has filed a complaint with federal investigative agencies in India seeking a probe into two former ......

NMC founder BR Shetty owes over $250 mn to Bank of Baroda

Healthcare

19 May, 2020

NMC founder BR Shetty owes over $250 mn to Bank of Baroda

Bank of Baroda is seeking to recover loans worth more than $250 million from NMC founder BR Shetty and his ......

NMC founder BR Shetty says private probe finds fraud, wants to clear his name

Healthcare

29 April, 2020

NMC founder BR Shetty says private probe finds fraud, wants to clear his name

The founder of troubled hospital operator NMC Health, BR Shetty, said on Wednesday a probe conducted by his own advisors ......

NMC Health debt jumps to $6.6 bn; names chief restructuring officer

Healthcare

24 March, 2020

NMC Health debt jumps to $6.6 bn; names chief restructuring officer

Troubled UAE hospital operator NMC Health said on Tuesday its debt pile now stood at $6.6 billion, much higher than ......

Billionaire BR Shetty steps down from Finablr unit Travelex's board

Finance

19 March, 2020

Billionaire BR Shetty steps down from Finablr unit Travelex's board

Currency service provider Travelex said on Wednesday the UAE-based Indian billionaire B.R. Shetty and two other directors have resigned from ......

BR Shetty-founded Finablr raises doubts about future, CEO leaves

Finance

16 March, 2020

BR Shetty-founded Finablr raises doubts about future, CEO leaves

Payments group Finablr on Monday expressed doubts about its ability to continue as a going concern and said its chief ......

KKR, Swiss firm eye NMC Health as billionaire BR Shetty's stake under scanner

Healthcare

11 February, 2020

KKR, Swiss firm eye NMC Health as billionaire BR Shetty's stake under scanner

Private equity firm KKR & Co Inc and Switzerland-based GK Investment Holding Group have shown initial interest in NMC Health ......

Billionaire BR Shetty's payments firm Finablr to spend $200 mn on growth, M&As

Finance

27 May, 2019

Billionaire BR Shetty's payments firm Finablr to spend $200 mn on growth, M&As

Payments and foreign exchange company Finablr plans to use half of the proceeds from its share sale in London earlier ......

Billionaire BR Shetty's payments firm Finablr cuts IPO price in volatile markets

Finance

14 May, 2019

Billionaire BR Shetty's payments firm Finablr cuts IPO price in volatile markets

United Arab Emirates-based Finablr had to cut the price on its initial public offering as the payments and foreign exchange ......

Billionaire BR Shetty taking payments firm Finablr public via big London listing

TMT

16 April, 2019

Billionaire BR Shetty taking payments firm Finablr public via big London listing

United Arab Emirates-based payments and foreign exchange company Finablr has confirmed plans to proceed with an initial public offer (IPO) ......