Delhi-based Fortis Healthcare today said that it is acquiring 23.9 per cent stake in Parkway Holdings, one of the Asia's largest healthcare service providers, from TPG Capital in an off-market deal.
Though Fortis has not disclosed the deal size, agency reports said that it could Rs 3,150 crore ($685 million).
Fortis stock price gained 6.41 per cent to close at Rs 181 on Thursday, which was 52-week high for the stock.
In August last year, Fortis bought 10 hospitals from Wockhardt for Rs 900 crore.
