(Reuters) - NMC Health (L:NMC) said on Monday it has received two preliminary approaches from private equity firms and that the shareholdings of its co-chair and two other major investors were under a review for inaccurate disclosures.
The offers from U.S.-based KKR (N:KKR) and GK Investment for the UAE-based healthcare group sent its shares up 11% in early deals and came weeks after it faced a short-selling attack from Muddy Waters.
NMC said no discussion have taken place on the terms of any potential offer. KKR did not immediately respond to a request for comment, while GK Investment could not be immediately reached.
Separately, NMC said co-chairman B. R. Shetty and his advisers are reviewing interests held by him and two other major shareholders - Khaleefa Al Muhairi and Saeed Al Qebaisi - for historical inaccuracy.
Shetty owns 19.22% stake as of May last year, while NMC vice-chair Muhairi and Qebaisi owned 15.82% and 7.66%, respectively, as of Jan. 28, according to Refinitiv data.
Both Muhairi and Qebaisi had sold some shares in NMC and payments firm Finablr (L:FINF) early last month.
Meanwhile, the payments firm, which is also co-chaired by the Indian billionaire, said independent directors are reviewing alleged arrangements between Shetty and other shareholders, which could impact its shareholding structure.