The Board of Directors of Fortis Healthcare Ltd at its meeting held today i.e. on March 19, 2019, considered and approved the appointment of Dr Ashutosh Raghuvanshi as Managing Director ('MD') designating him as MD & CEO of the Company with immediate effect for a period of 3 (three) years, subject to the approval of shareholders of the Company.
Dr Ashutosh Raghuvanshi, is a cardiac surgeon turned management leader. After completing his MS in general surgery from MGIMS, Dr Ashutosh went on to do MCH in Cardiac surgery from the University of Bombay. Over the last 26 years, he has been associated with the Bombay Hospital, Apollo Hospitals, Vijaya Heart foundation and Manipal Heart Foundation.
He is credited with the establishment of Rabindranath Tagore International Institute of Cardiac Sciences, Kolkata, where he joined as Director in 2000 and is today one of the largest Multispecialty Hospitals in Eastern India.
Before joining Fortis, he was last working with Narayana Health as Vice Chairman, Managing Director & Group CEO and was responsible for the operations of all the group hospitals across India and internationally.
At Fortis, Dr Ashutosh will be responsible for the day-to-day management decisions of the Company and for implementing the Company's long and short term plans. He will be playing a pivotal role in providing necessary leadership and strategic direction to the management team in achieving the Company's short-term profitability and long-term growth objectives, aligned to the vision, mission and core values of the Fortis Group.
Dr. Raghuvanshi is not related to any of other Directors / Key Managerial Personnel of the Company.
Shares of FORTIS HEALTHCARE LTD. was last trading in BSE at Rs.136.25 as compared to the previous close of Rs. 136.55. The total number of shares traded during the day was 270820 in over 1383 trades.
The stock hit an intraday high of Rs. 137.5 and intraday low of 135.2. The net turnover during the day was Rs. 36821140.