He added that they haven't been able to focus on the business due to an internal issue, especially with regard to the promoters
Serious Fraud Investigation Office (SFIO) has also initiated a probe into the alleged financial irregularities at the two companies
Fortis is being compared to Satyam, which the company vehemently denies
Value unlocking from diagnostic business the biggest near-term trigger for the stock
The Fortis hospital is planning to collaborate with IIT-Bombay to employ drones
Fortis Healthcare today said it is in talks with a number of investors to facilitate an exit by the existing PE investors from the company's diagnostic arm SRL. "The company is in the process of facilitating a third-party exit for the existing private equity investors in SRL Ltd," Fortis Healthcare said in a filing to BSE. The process is on and the company is in dialogue with a number of investors who have evinced interest, it added. "As on date, there is no firm proposal under consideration of the management," Fortis Healthcare said. It, however, did not elaborate. The stock of Fortis Healthcare today closed at Rs 174.90 on BSE, up 11.72 per cent from its previous close.
The healthcare chain is talking to investors to facilitate the exit of current SRL PE investors