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Fortis says approvals in place for fund infusion by IHH Healthcare

Tuesday, November 6, 2018, 7:48 AM

Fortis Healthcare stated that all approvals required for fund infusion of Rs.4,000 crore from IHH Healthcare Berhad is in place while also indicating that transaction is likely to be completed-shortly. The company also pointed out that fund-infusion of Rs.4,000 crore with preferential allotment will provide IHH with almost a 31% stake followed by an-open-offer by IHH for upto 26% of expanded equity-capital of company.