March 1, 2017 / 11:24 AM / in 5 months

BRIEF-Panacea Biotec says it has not signed any definitive agreement with Narayana Hrudayalaya

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March 1 (Reuters) - Panacea Biotec Ltd

* Panacea Biotec clarifies on news item "Narayana Hrudayalaya in advanced talks to buy Panacea Biotec's Gurgaon hospital."

* Says unit Newrise Healthcare exploring options including disposal of stake either in full or in part

* Says co kept on negotiating with several parties for partial/complete sale of stake in the said unit

* Says not signed any definitive transaction docs with Narayana Hrudayalaya

* Says co has entered into talks with Narayana Hrudayalaya in Aug 2016 and signed non-binding MoU on Dec 27, 2016 Source text: bit.ly/2m7iNMD Further company coverage:

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