Since, 2002, Metropolis has used its brand strength to establish large networks through acquisitions in Chennai, Rajkot, Surat, Bangalore, Pune as well as outside India
The profit after tax works out to Rs 43 crore in Q2 FY20, up 43.7% from Rs 30 crore in Q2 FY19
Move follows expiry of restrictive clauses inserted at the time he sold his stake in Metropolis Healthcare to Carlyle Group
On a price-to-earnings (P/E) valuation basis, analysts said Metropolis is cheaper than Dr Lal Pathlabs
Sushil Shah, chairman of Metropolis Healthcare, said if a good acquisition opportunity came up, they were open to evaluate it
Shares of the company are proposed to be listed on BSE and NSE
Rivals Dr Lal's and Thyrocare command valuations over 50 times earnings
The firm, which had exited South Africa in August, now is quite bullish about Africa as a market