Fortis plans Rs 1,000-cr rights issue by October

Hospital chain Fortis Healthcare’s Rs 1,000-crore rights issue is likely to hit the market by October, with the company taking fresh steps to realise the plan.

“We will soon file a letter of offer (LOF) next week. The decision was taken at a board meeting held recently,” Shivinder Mohan Singh, CEO & Managing Director, Fortis Healthcare, told reporters on the sidelines of a Ficci event.

It was decided that Fortis Healthcare would soon approach Sebi after finalising all the details, he added.