English
Specials
    Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    Loans
    Loans
    HomeNewsBusinessStocksFortis Health up 4% on completion of Singapore Hosp deal

    Fortis Health up 4% on completion of Singapore Hosp deal

    Shares of Fortis Healthcare rallied 4 percent intraday Tuesday on completion of sale of Singapore Hospital to Concord Medical Services.

    April 07, 2015 / 14:47 IST
     
     
    live
    • bselive
    • nselive
    Volume
    Todays L/H
    More

    Moneycontrol Bureau

    Shares of Fortis Healthcare rallied 4 percent intraday Tuesday on completion of sale of Singapore Hospital to Concord Medical Services.

    "Fortis Healthcare International Pte Ltd, a step down subsidiary of Fortis Healthcare said today it has received the sum of Singapore Dollar 55 million from the sale of its Singapore Hospital to Concord Medical Services (International) Pte. With this, the deal announced on March 27 is completed," said the company in its filing to the exchange.

    JP Morgan and Religare Capital Markets acted as financial advisors to Fortis for this transaction.

    At 14:35 hours IST, the scrip of Fortis Healthcare was quoting at Rs 179.90, up Rs 3.55, or 2.01 percent on the BSE.

    Posted by Sunil Shankar Matkar

    first published: Apr 7, 2015 02:47 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347