Yes Bank acquires 17.31% stake in Fortis Healthcare

Yes Bank has acquired 17.31 per cent stake in Fortis Healthcare following invocation of nearly 9 crore pledged shares last month.

In a regulatory filing, Fortis Healthcare said, "Yes Bank has acquired 8,97,81,906 equity shares having nominal value of Rs 10 per share of the company pursuant to invocation of pledge on the said equity shares subsequent to default by promoter group companies in the credit facility provided by the bank."