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    Fortis Health up 4% as promoters release 4cr pledged shares

    Promoters of Fortis Healthcare have released 4.07 crore pledged shares. With this release the pledged shares percent comes down to sub 40 percent of the total number of shares from 48 percent as of the quarter ended June 2013.
    September 02, 2013 / 11:52 IST

    Moneycontrol Bureau

    Shares of Fortis Healthcare rose 4.4 percent intraday Monday after promoters of the company released 4.07 crore pledged shares last week.

    With this release the pledged shares percent come down to sub 40 percent of the total number of shares from 48 percent as of the quarter ended June 2013.

    Promoters hold 71.92 percent stake in the company as of June 2013. Now the pledged shares are 18,18,96,300 - 39.6 percent of total paid up equity and 55 percent of total promoters shareholding as against previous 48.49 percent of total paid up equity and 67.54 percent of total promoters shareholding in June.

    At 11:29 hours IST, the stock was up 2.15 percent at Rs 97.25 on the Bombay Stock Exchange.

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