The Karnataka High Court allowed Shetty to go abroad, if no other restriction exists for his travel abroad other than these LOCs
BR Shetty
Latest in BR Shetty
BR Shetty
Companies of UAE’s troubled NMC secure deal to exit administration
NMC Healthcare Ltd, the largest private healthcare company in the UAE, will remain in administration in order to pursue certain potential litigation claims on behalf of itself and the other companies
Abu Dhabi Global Market
Creditors set to take control of UAE’s troubled NMC Group under new deal
Administrators announce receipt of firm creditor commitments to ensure successful exit from Abu Dhabi Global Market administration
Alvarez & Marsal
Embattled NMC Healthcare reveals 6% drop in revenues
Gross revenues for NMC’s UAE and Oman business were $1.121bn, which was 11% ahead of the business plan
ADCB
ADCB sees creditors approval for NMC restructuring in first half
Bank recorded $450m in provisions and interest in suspense toward NMC, Finablr Plc and associated companies last year
BR Shetty
Troubled UAE healthcare major NMC sells IVF business for $523m
NMC administrator says deal is ‘important step towards a successful restructuring’ following debt woes
Binay Shetty
Embattled billionaire BR Shetty, son Binay hire restructuring experts
Duff & Phelps says will support family efforts in dealing with financial liabilities related to exposures to NMC and Finablr debts
Abu Dhabi
BR Shetty plans to open 3,000-acre ‘film city’ in India’s Kashmir
The ‘film city’ will cater to India’s movie industry, as well as tourists
BR Shetty
BRS Group to open stem cell research company in Abu Dhabi
BRS Group founder and chairman BR Shetty said that plans for the stem cell research company will likely be finalised in October
BR Shetty
NMC registers 32.6% increase in revenue for H1 2019
CEO Prasanth Manghat refused to comment on reports Chinese investors are looking to buy a 40% stake in company
BR Shetty
Business community hails UAE gold card residency scheme
An initial batch of 6,800 will be granted a new residency status as part of the move
BR Shetty
Finablr cuts IPO value amid weak investor demand, volatile markets
The new Finablr price implies a market value of $1.6bn versus an initial indicated value of as much as $2.3bn
Bavaguthu Raghuram Shetty
Finablr is said to struggle to find enough buyers for London IPO
Finablr’s sale opened for investors on May 1 and had sought to value the company at as much as $2.4bn and raise as much as $677m
BR Shetty
Finablr’s $200m IPO to be completed by mid-May
Finablr CEO Promoth Manghat said he expects the listing will allow the firm to scale up and explore new opportunities in the Middle East, Asia and Africa
BR Shetty
UAE payment firm Finablr to launch London IPO
Holding firm Finablr is behind brands UAE Exchange, Travelex Holdings and Xpress Money
Abu Dhabi
Register to attend Rahul Gandhi rally in Dubai
Rahul Gandhi will arrive in Dubai on January 11 and visit Abu Dhabi the following day
BR Shetty
Opinion: Behind every great nation are great people
It takes bold, ambitious and relentless men and women to transform a desert country into a globally-recognised powerhouse