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Fortis Healthcare slips 15% as Malaysian firm denies stake buy report

The stock slipped 15% to Rs 168 on NSE on back of heavy volumes.

Fortis Hospital
Fortis Hospital

Fortis Healthcare has slipped 15% to Rs 168 on the National Stock Exchange (NSE) after Malaysian hospital chain, IHH Healthcare Berhad (IHH), said it was nowhere close to concluding a deal in healthcare services provider. In a filing with the Malaysian stock exchange, IHH said, “IHH is not, nor is it close to, concluding any negotiations or due-diligence or transactions in India at this point in time,” the Business Standard report suggests. CLICK HERE TO READ FULL REPORT. On June 15, Fortis Healthcare in regulatory filing said that the board of the company had ...