Fortis denies report on Wockhardt Hospitals
Fortis denies report on Wockhardt Hospitals
New Delhi: Fortis Healthcare Ltd said that a report that it may buy a stake in Wockhardt Hospitals Ltd was speculative and it hasn’t agreed to purchase any company.
Fortis is evaluating acquisition opportunities to expand its network of hospitals, the New Delhi-based company said in a statement to the Bombay Stock Exchange today.
‘The Economic Times’ reported on 31 March that Fortis may purchase as much as 74% of Wockhardt Hospitals for about Rs750 crore.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!