Fortis Healthcare to buy 51% stake in RHT unit for Rs 970 cr
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New Delhi: Fortis Healthcare said it will acquire 51 per cent stake in Fortis Hospotel Ltd, a subsidiary of Religare Health Trust (RHT), for Rs 970 crore.
RHT is a business trust listed on the SGX of which Fortis is a sponsor with a 28 per cent equity stake.
"The net investment consideration for the transaction is estimated to be an amount of approximately Rs 970 crore. The economic impact to Fortis would be lower as Fortis owns 28 per cent equity stake in RHT," Fortis Healthcare said in a statement.
RHT is a business trust listed on the SGX of which Fortis is a sponsor with a 28 per cent equity stake.
"The net investment consideration for the transaction is estimated to be an amount of approximately Rs 970 crore. The economic impact to Fortis would be lower as Fortis owns 28 per cent equity stake in RHT," Fortis Healthcare said in a statement.
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