GPT Healthcare falls over 7.60% after promoter Nomura Singapore sells stake

GPT Healthcare Share Price: GPT Healthcare slid over 7.60 per cent on BSE on Friday (March 1, 2024) after its promoter Nomura Singapore sold over 4.50 lakh shares in the company.
The stock of the company that listed on February 29 was trading lower by 7.42 per cent, or 14.90, at Rs 185.85 at 10:08 am on Friday. 

The stock that opened at Rs 196.00 on Friday hit the day's low of Rs 185.40, a 7.64 per cent fall from its Thursday's close of Rs 200.75.

The stock slipped in the first trading session after Nomura Singapore sold its 4.53 lakh shares at Rs 202.46 per share in the company.

GPT Healthcare NSE, BSE Listing

On Thursday, GPT Healthcare made a rousing debut on bourses as it was listed at a premium of around 16 per cent over the upper end of the issue price band.

It began its trading journey on NSE and BSE at Rs 215 and Rs 216.2, respectively.

The company's IPO worth Rs 525 crore concluded this week with an overall subscription of 8.5 times.

GPT Healthcare owns and operates multispeciality neighbourhood tertiary care hospitals.