Shalby Shares Zoom 8% Ahead Of Meeting With Swiss Investor HBM Partners

Shares of leading Hospitals & Allied Services sector company, Shalby Ltd witnessed a rally of 7.86% intraday on BSE to 259.90 per share till 1:50 pm on Wednesday. Shalby shares hit 52-week high today as well ahead of its proposed meeting with leading Swiss healthcare investor HBM Partners on October 17.

Reports have been rife that a stake buy is likely soon. Meanwhile, Shalby issued a regulatory filing on October 9, 2023 and said, "In accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, we wish to inform you that the Company will be meeting with HBM Partners on 17th October 2023. This will be a one‐to‐one meeting with Shalby Management. No unpublished price sensitive information pertaining to the Company will be shared at this meeting with Investors/Analysts."

It is worth noting that promoter and promoter group has 74.12% stake in Shalby.

Shalby Share Performance & Return: Current market price of Shalby share on BSE is quoting at Rs 259.90 with intraday rally of 7.86%. Its 52-week high price is Rs 271.45 per share and 52-week low price is Rs 114.35 per share, respectively. The company has a market capitalisation of Rs 2807.17 crore. Shalby shares gained 49% in last 3-months, soared 94% in last 1-year, and jumped 174% in last 3-years.

About HBM Partners: HBM Partners is a Swiss healthcare investor with $2.1 billion assets under management. HBM Partners was founded in 2001 with the goal to invest in private and public emerging biopharma and other healthcare-related companies. HBM Partners is regulated by FINMA and advises SIX listed HBM Healthcare Investments and further specialised public and private equity investment products, according to its official website.

About Shalby: Shalby Hospitals is one of the largest chains of multispecialty hospitals and tertiary care centers in the country. Envisioned by its founder, Dr. Vikram I Shah back in 1994 as a Joint Replacement Center, today Shalby Hospitals is a chain of 12 multispecialty hospitals, offering treatment in over 35+ medical disciplines, holding an aggregate capacity of over 2062 beds with more than 500 active physicians, and 3000+ employees, according to its official website.

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