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Fortis Healthcare Ltd (FOHE.NS)

FOHE.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

IHH Healthcare updates on the disposal of stake in Apollo Hospitals
Friday, 19 May 2017 05:45am EDT 

May 19 (Reuters) - Ihh Healthcare Bhd -:Refer to the announcement in relation to the disposal of 6.07% equity interest in apollo hospitals enterprise limited.Deal for total cash consideration of inr8.198 billion.Unit has disposed its remaining shareholdings in apollo comprising 6.7 million ordinary shares of inr5.00 each.Save for an extraordinary gain of 559.038 million rgt , transactions are not expected to have any material effect on eps of group for fy ending 31 Dec 2017.  Full Article

RHT Health Trust responds to query regarding trading activity
Monday, 27 Mar 2017 08:35am EDT 

RHT Health Trust : Trustee-manager notes a bloomberg article published on 26 march entitled "Fortis Healthcare said to consider buyout of Singapore Trust" . Trustee-Manager has approached Fortis Healthcare Limited to clarify foregoing article . Trustee-manager not been informed by Fortis of any discussions which it might be having regarding its proposed fundraising exercise . Trustee-manager informed by Fortis that it is continuously evaluating various restructuring options for all its assets . Save as stated, Trustee-manager is not aware of any other explanation for unusual trading activity in RHT's units ."Fortis, had on same day informed Bloomberg that query (and details mentioned therein) was speculative".  Full Article

Fortis Healthcare approves demerger of diagnostics business
Friday, 19 Aug 2016 06:15am EDT 

Fortis Healthcare Ltd : Approves demerger of its diagnostics business into a separate listed company through a composite scheme of arrangement . Demerger to be followed by SRL being merged with Fortis Malar as integral part of same composite scheme . To pay lumpsum cash consideration of INR 430 million to FMHL for buying hospitals by way of slump sale . Appointed date for slump sale, demerger and merger is opening of business on January 1, 2017 . Name of Fortis Malar to be subsequently changed to SRL Ltd and co is proposed to be listed on NSE, in addition to current BSE listing . Fortis Malar would issue and allot to shareholders of Fortis Healthcare 0.98 equity shares of 10 each held in Fortis Healthcare .  Full Article

Fortis Healthcare India gets in-principle approval to demerge diagnostic buisness
Thursday, 4 Aug 2016 07:00am EDT 

Fortis Healthcare India : In-principle approval to demerge diagnostic buisness . Approved enabling fund raising option up to INR 50 billion .  Full Article

Fortis Healthcare India June-qtr consol profit falls 74 pct
Thursday, 4 Aug 2016 06:59am EDT 

Fortis Healthcare Ltd : June-quarter consol net profit 252.6 million rupees . June-quarter consol total income from ops 11.21 billion rupees . Consensus forecast for June-quarter consol net profit was 1.70 billion rupees . Consol net profit in June quarter last year was 974 million rupees as per Ind-AS; consol total income was 10.34 billion rupees .  Full Article

Fortis Healthcare says demerger of diagnostic business is being evaluated
Wednesday, 20 Jul 2016 02:42am EDT 

Fortis Healthcare Ltd : Clarifies on news item "Fortis set to demerge srl diagnostic in a separate entity in next 2-3 weeks." . Board has decided to assess and evaluate a demerger of diagnostics business of co in addition to other options . Demerger of diagnostics business is still being evaluated and no firm decision has been approved by board till date .  Full Article

Fortis Healthcare to evaluate demerger of diagnostics business of CO
Thursday, 26 May 2016 05:45am EDT 

Fortis Healthcare Ltd : Decided to assess and evaluate a demerger of diagnostics business of company in addition to other options that may be available .  Full Article

Fortis Healthcare Ltd announces purchase of the equity share capital of SRL Limited
Monday, 28 Sep 2015 01:49am EDT 

Fortis Healthcare Ltd:Has agreed to purchase the cumulative shareholding of Investors consisting of approx. 24.88 Lac equity shares aggregating to 3.1 pct of the equity share capital of SRL Ltd at INR 423 per equity share.Says Post completion of the said acquisition, the equity shareholding of the in SRL Ltd, shall increase to 57 pct from the existing shareholding of 53.9 pct, on a fully diluted basis.  Full Article

Fortis Healthcare Ltd announces appointment of statutory auditors
Thursday, 6 Aug 2015 06:22am EDT 

Fortis Healthcare Ltd:Announces appointment of Deloitte Haskins & Sells LLP, Chartered Accountants as the Statutory Auditors.  Full Article

Bhavdeep Singh Rejoins Fortis as Fortis Healthcare Ltd's its CEO
Thursday, 23 Jul 2015 11:52pm EDT 

Fortis Healthcare Ltd:Says that Bhavdeep Singh has been appointed as chief executive officer of the company with immediate effect.  Full Article

More From Around the Web

BRIEF-RBI says foreign shareholding by FIIs/FPIs in Fortis Healthcare crossed overall limit of 24 pct of paid-up capital

* Foreign shareholding by foreign institutional investors/foreign portfolio investors in Fortis Healthcare crossed overall limit of 24% of its paid-up capital Source text - (http://bit.ly/2rTm1D6) Further company coverage: