Fortis Healthcare completes sale of stake to Standard Chartered PE fund

The Issue Committee of the Board of Directors of Fortis Healthcare Ltd on September 05, 2013 has allotted 37,37,449 equity shares of the Company to Standard Chartered Private Equity (Mauritius) III Limited, on a preferential basis, at an issue price of Rs. 99.09 per equity share, aggregating to Rs. 37.03 Cr, in accordance with applicable law.

Shares of Fortis Healthcare Ltd was last trading in BSE at Rs.95.70, up by Rs.0.45 or 0.47%. The stock hit an intraday high of Rs.97.25 and low of Rs.94.

The total traded quantity was 0.33 lakhs compared to 2 week average of 0.21 lakhs.

Source : Equity Bulls

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