ALSO READFortis Healthcare to conduct board meeting Fortis Hospitals to get loaned money back by 2018-19 fiscal's Q1-end Fortis Healthcare shares soar 24.5% on merger buzz Fortis Healthcare shares surge nearly 18 pc on merger buzz Fortis Malar Hospitals standalone net profit rises 4.65% in the December 2017 quarter
Stocks of Fortis Healthcare closed higher by over 17 per cent on Friday on the back of reports that international private equity major TPG backed Manipal Hospitals is "in advanced talks to merge Fortis Health with itself".
At one point during the intra-day trade, the company's shares zoomed over 24 per cent to touch a high of Rs 157.05 per share.
The company's scrip on the BSE zoomed by 17.61 per cent or Rs 22.20 to close at Rs 148.30 from its previous close at Rs 126.10.
In an unrelated development, the promoters of Fortis Healthcare -- Malvinder Mohan Singh and Shivinder Mohan Singh -- had on Thursday resigned from the company's board, which was intimated through a late night BSE filing.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)