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Yes Bank now owns over 17% stake in Fortis Healthcare

Press Trust of India  |  New Delhi 

Private sector today said its owns over 17 per cent stake in Healthcare post invocation of pledge of equity shares after default by promoters group companies.

has acquired 89,781,906 equity shares, constituting 17.31 per cent of the paid up share capital of Healthcare Ltd.

The in a regulatory filing to exchanges said it was a result of "invocation of pledge on the said equity shares subsequent to default by promoters group companies in the credit facility provided by the bank."

Stock of closed 0.53 per cent up at Rs 313.10 on BSE.

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

First Published: Tue, March 13 2018. 21:30 IST