IHH Healthcare completes Fortis deal by acquiring 31% stake2 min read . Updated: 14 Nov 2018, 04:30 AM IST
The Fortis Helthcare board approved allotment of over 230 million shares to IHH Healthcare’s subsidiary Northern TK Venture at ₹170 per share of ₹10 face value
New Delhi: Malaysia’s IHH Healthcare Bhd has become the controlling shareholder of Fortis Healthcare Ltd by acquiring a 31.1% stake in the company. Fortis Healthcare also appointed four persons from IHH Healthcare to its board in a meeting held at Mohali on Tuesday. The board approved the allotment of over 230 million shares through preferential issue to Northern TK Venture Pte Ltd, a wholly owned indirect subsidiary of IHH Healthcare, at ₹ 170 per share of ₹ 10 face value.
Select your Category