Fortis arm completes stake sale in Medical and Surgical Centre for MUR 393.6 mn

Fortis arm completes stake sale in Medical and Surgical Centre for MUR 393.6 mn

Fortis Healthcare International Ltd (FHIL) is to receive gross amount of MUR 393.6 million

PTIUpdated: Tuesday, July 09, 2019, 12:21 PM IST
article-image
Photo credit: Twitter

New Delhi: Fortis Healthcare Monday said its wholly-owned subsidiary Fortis Healthcare International Ltd has completed the sale of its entire shareholding in Medical and Surgical Centre Ltd for MUR 393.6 million (over Rs 74 crore). Fortis Healthcare International Ltd (FHIL) is to receive gross amount of MUR 393.6 million, Fortis Healthcare said in a filing to the BSE. The buyers, CIEL Ltd and its subsidiary CIEL Healthcare Ltd, do not belong to the promoter, promoter group and group companies of Fortis Healthcare Ltd, it added.

Earlier, in another filing to the bourses, Fortis Healthcare had said it had received shareholders' nod for offloading stake in Medical and Surgical Centre Ltd. Medical and Surgical Centre, an indirect associate company, was held through Fortis Healthcare's wholly-owned subsidiary Fortis Healthcare International. Shares of Fortis Healthcare closed at Rs 130.20 per scrip on the BSE, down 1.88 per cent from its previous close.

RECENT STORIES

Bridging The Gap: How Technology Transforms Regulatory Compliance In Finance

Bridging The Gap: How Technology Transforms Regulatory Compliance In Finance

Mastering Network Operations: A Deep Dive Into Professional Growth In The Tech Sector

Mastering Network Operations: A Deep Dive Into Professional Growth In The Tech Sector

Mumbai: Sustainable Housing Gives Real Estate Sector A Boost In MMR

Mumbai: Sustainable Housing Gives Real Estate Sector A Boost In MMR

Divorce Disputes Spill Over To Board Room: Nawaz Modi Alleges Gautam Singhania; Uses Personal...

Divorce Disputes Spill Over To Board Room: Nawaz Modi Alleges Gautam Singhania; Uses Personal...

Meta Shares Crash Over 10% As Anxiety Over Success Of AI Surges

Meta Shares Crash Over 10% As Anxiety Over Success Of AI Surges