The stock jumped 3.97 per cent to close at Rs 147.80 on the BSE. Intra-day, it soared 5.10 per cent to Rs 149.40.
On the NSE, shares of the company surged 3.93 per cent to end at Rs 147.80.
The company's market valuation rose by Rs 293.13 crore to Rs 7,666.13 crore.
In terms of equity volume, 16.35 lakh shares of the company were traded on the BSE and over 2 crore shares changed hands on the NSE during the day.
Fortis Healthcare board today approved Rs 4,000-crore offer from Malaysia's IHH Healthcare for 31.1 per cent stake in it, valuing the cash-strapped firm at Rs 8,880 crore thus ending months of takeover battle.
"The transaction is expected to be completed within seven business days of receipt of shareholders' and CCI's approval, which will be obtained concurrently with shareholders' approval and can take approximately 60-75 days," Fortis Healthcare said in a statement.
"We are now putting Fortis on a path of survival, future growth and prosperity in partnership with IHH," he said in a conference call.
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