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Fortis Healthcare shares up over 4% on IHH bid buzz

Press Trust of India  |  New Delhi 

Shares of Healthcare jumped over 4 per cent today amid reports that Malaysia's Healthcare Bhd is planning to bid for the company.

The stock gained 4.17 per cent to end at Rs 153.80 on BSE. Intra-day, it rose by 4.63 per cent to Rs 154.50.

At NSE, shares of the company gained 4 per cent to close at Rs 153.90.

The company's market valuation rose by Rs 319.95 crore to Rs 7,976.95 crore.

In terms of equity volume, 16.19 lakh shares of the company were traded on BSE and over one crore shares changed hands at NSE during the day.

said Malaysia's is planning to bid for Healthcare.

On Tuesday, raised its offer for Healthcare Ltd (FHL) by valuing the hospital business higher at Rs 6,061 crore, according to a regulatory filing.

Last month, FHL board approved the demerger of Fortis business, which would be acquired by Manipal and TPG Capital, along with the sale of 20 per cent stake in

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 12 2018. 19:45 IST