Foreign investors own over 45% in Fortis Healthcare

East Bridge Capital Master Fund, a foreign portfolio investor, is the second-largest shareholder with 5.74 per cent stake

Fortis Healthcare, which is in midst of a takeover battle, has seen a change in shareholding with mutual funds halving their stake to 4.55 per cent and foreign portfolio investors increasing their stake from 30 per cent to over 45 per cent in the January-March quarter.

Gopikishan S Damani, a relative of D-Mart promoter Radhakishan Damani, controls 1.87 per cent stake in the hospital chain, according to Fortis Healthcare's filing to the stock exchange on Tuesday.

The promoter shareholding in the hospital chain fell to 0.77 per cent in March end from 34.43 per cent in December as banks invoked