Troubled UAE healthcare major NMC sells IVF business for $523m arabianbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabianbusiness.com Daily Mail and Mail on Sunday newspapers.
Mystery illness hits in Andhra, Jagan Mohan Reddy visits hospital to interact with patients
Rags to riches makes for inspirational stories, unfortunately riches to rags is what makes for a viral story. Interestingly, India has plenty of both. One of those joining the list happens to be UAE-based Indian billionaire BR Shetty s company Finablr Plc, which is getting ready to sell its business to an Israeli-UAE consortium for a shocking $1. It was only last December the company was valued at $2 billion (Rs 14,700 crore). The company reported more than $1 billion in undisclosed debts in April.
NRI billionaire Bavaguthu Raghuram Shetty, founder of NMC HealthWikimedia Commons