Fortis Healthcare completes 51% acquisition in Fortis Hospotel

Fortis Healthcare has completed the acquisition of 51 per cent stake in Fortis Hospotel Ltd and also acquired compulsorily convertible preference shares issued by Escort Heart Institute and Research Centre.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » Business

Oct 15, 2016, 07.22 PM | Source: PTI

Fortis Healthcare completes 51% acquisition in Fortis Hospotel

Fortis Healthcare has completed the acquisition of 51 per cent stake in Fortis Hospotel Ltd and also acquired compulsorily convertible preference shares issued by Escort Heart Institute and Research Centre.

Like this story, share it with millions of investors on M3

Fortis Healthcare completes 51% acquisition in Fortis Hospotel

Fortis Healthcare has completed the acquisition of 51 per cent stake in Fortis Hospotel Ltd and also acquired compulsorily convertible preference shares issued by Escort Heart Institute and Research Centre.

Post Your Comments

Share Cancel

Fortis Healthcare completes 51% acquisition in Fortis Hospotel
Fortis Healthcare has completed the acquisition of 51 per cent stake in Fortis Hospital Ltd and also acquired compulsorily convertible preference shares issued by Escort Heart Institute and Research Centre.

The company had earlier said that it was contemplating, "acquisition of 51 per cent economic interest in Fortis Hospotel Ltd by way of acquiring compulsorily convertible debentures from Fortis Global Healthcare Infrastructure Pte Ltd," Fortis Healthcare said in a BSE filing.

It had also mentioned that it was mulling acquiring compulsorily convertible preference shares issued by Escort Heart Institute and Research Centre Ltd, by one of the company's wholly-owned subsidiary, Fortis Hospitals Ltd, it added.

These acquisition transactions were subject to approval of our shareholders, Singapore Exchange Securities Trading Ltd and unit holders of RHT Health Trust, Fortis Healthcare said.

The company has obtained the requisite approvals and "has subsequently closed the acquisition transaction...," Fortis Healthcare said.

Buy, Hold, Sell ? Hear it first on M3
Fortis Healthcare completes 51% acquisition in Fortis Hospotel

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login