Rekha Jhunjhunwala buys 45 lakh shares in Fortis Healthcare

Rekha Jhunjhunwala, wife of veteran investor Rakesh Jhunjhunwala, on Tuesday, bought 45 lakh shares of Fortis Healthcare at Rs 134.6 per share totalling Rs 61 crore through an open market transaction, data put up on NSE showed.

The identity of the seller was not known. Shares of the company fell 12 per cent in early morning trade to Rs 125.5 before recovering to close at Rs 144.4 on the NSE, up 0.48 per cent from the previous day's close.

In February 2015, Rakesh Junjhunwala had bought 34.8 lakh shares of Fortis Healthcare at Rs 119.35 per share, for about Rs 41 crore via an open market deal.

On August 14, Fortis Healthcare had informed the stock exchanges that Fortis Healthcare Holdings, the promoter of the company, sold 5.46 million, or 1.05 per cent, equity shares on August 10, through an off-market transaction. Earlier, on July 18, Fortis Healthcare Holdings had sold 13.5 million or 2.6 per cent stake of Fortis Healthcare for Rs 203 crore through open market on NSE.

The total promoters' holding in the company has declined from 62.9 per cent on January 28, 2017, to 42.96 per cent at the end of June 2017 quarter, the company's shareholding pattern data shows.