Billionaire Shetty Hit by Double Blow in Stock Market
- NMC short interest rises to record, IHS Markit data show
- Finablr shares have lagged peers since its London IPO in May
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Bavaguthu Raghuram Shetty is having a bad year in the stock market.
Persian Gulf hospital operator NMC Health Plc, where he’s co-chairman and a major shareholder, has plunged as short sellers targeted the company amid concern its governance is lacking, it’s taken on too much debt for acquisitions and its accounting is too opaque. Shares of Finablr Plc, the payments processor he founded, are trading below their initial public offering price since the company listed in London last month.