Hinduja Global hits record high on divestment of healthcare services biz

On Monday, August 9, the company entered into definitive agreements to divest its healthcare services business to funds affiliated with Baring Private Equity Asia (BPEA)

Shares of Hinduja Global Solutions were locked in the upper circuit of 5 per cent at Rs 3,397.60, also its new record high on the BSE on Wednesday, rising 10 per cent in the past two trading days in an otherwise weak market after the company announced divestment of its healthcare services business to funds affiliated with Baring Private Equity Asia (BPEA) for an enterprise value of US$ 1,200 million.

In comparison, the S&P BSE Sensex was down 0.45 per cent or 244 points at 54,311 at 10:38 am. A combined 88,173 equity shares had changed hands on the counter and