New Delhi: Shareholders of Fortis HealthcareNSE 0.69 % have voted to approve its proposed $1 billion deal with Malaysian healthcare group IHH Bhd, the company told stock exchanges late on Tuesday. The approval clears the way for IHH to pick up controlling stake in the cash-strapped hospital chain by initially infusing around Rs4,000 crore for equity shares at Rs 170 apiece and subsequently initiating an open offer for additional stake.
As per the proposal, IHH would have rights to contr ..
Read more at: //economictimes.indiatimes.com/articleshow/65403806.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Stock: [IHH]: IHH HEALTHCARE BERHAD
2018-08-15 08:14 | Report Abuse
Shareholders vote to pass Fortis-IHH deal
New Delhi: Shareholders of Fortis HealthcareNSE 0.69 % have voted to approve its proposed $1 billion deal with Malaysian healthcare group IHH Bhd, the company told stock exchanges late on Tuesday. The approval clears the way for IHH to pick up controlling stake in the cash-strapped hospital chain by initially infusing around Rs4,000 crore for equity shares at Rs 170 apiece and subsequently initiating an open offer for additional stake.
As per the proposal, IHH would have rights to contr ..
Read more at:
//economictimes.indiatimes.com/articleshow/65403806.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst