Manipal Health moves HC to halt Emami from selling its stake in AMRI Hospitals

MHE told the HC that AMRI should be restrained from selling or transferring or creating third-party rights with regard to its 94% stake (6,01,44,288 equity shares and 1000 Compulsory Convertible Debentures) which was the subject matter of the June 3 purchase agreement executed between them. Registered shareholders and promoter lenders, who had executed the agreement, have also been arrayed as respondents in the case.

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