Fortis Healthcare today said one of its subsidiaries has sold off 18.2 million units of RHT Health Trust for 13.65 million SGD (around Rs 69 crore).
"Fortis Healthcare International Ltd, a wholly-owned subsidiary of Fortis Healthcare has on May 30, 2018 sold off 18.2 million units of RHT Health Trust, an associate of the company," the healthcare chain said in a regulatory filing.
Elaborating further, the company said Mahesh Udhav Buxani has bought 12.2 million units while Splendid Asia Macro fund has bought 6 million units of RHT Health Trust on May 3o.
In February this year, Fortis Healthcare had entered into definitive agreements to acquire entire portfolio of assets of the Singapore-listed entity for an enterprise value of Rs 4,650 crore.
The assets include 12 clinical establishments, four greenfield establishments and two operating hospitals.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app