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Fortis Healthcare completes 51% acquisition in Fortis Hospotel

Press Trust of India  |  New Delhi 

has completed the of 51 per cent stake in Fortis Hospotel Ltd and also acquired compulsorily convertible preference shares issued by Escort Heart Institute and Research Centre.

The company had earlier said that it was contemplating, "of 51 per cent economic interest in Fortis Hospotel Ltd by way of acquiring compulsorily convertible debentures from Fortis Global Healthcare Infrastructure Pte Ltd," said in a filing.


It had also mentioned that it was mulling acquiring compulsorily convertible preference shares issued by Escort Heart Institute and Research Centre Ltd, by one of the company's wholly-owned subsidiary, Fortis Hospitals Ltd, it added.

These transactions were subject to approval of our shareholders, Exchange Securities Trading Ltd and unit holders of RHT Health Trust, said.

The company has obtained the requisite approvals and "has subsequently closed the transaction...," said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, October 15 2016. 18:07 IST
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