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Fortis sells 18.2 million units of RHT Health Trust


Fortis sells 18.2 million units of RHT Health Trust

New Delhi: Fortis Healthcare said one of its subsidiaries has sold off 18.2 million units of RHT Health Trust for 13.65 million SGD (around Rs 69 crore).

“Fortis Healthcare International Ltd, a wholly-owned subsidiary of Fortis Healthcare has on May 30, 2018, sold off 18.2 million units of RHT Health Trust, an associate of the company,” the healthcare chain said in a regulatory filing.

Elaborating further, the company said Mahesh Udhav Buxani has bought 12.2 million units while Splendid Asia Macro fund has bought 6 million units of RHT Health Trust on May 3o.

In February this year, Fortis Healthcare had entered into definitive agreements to acquire an entire portfolio of assets of the Singapore-listed entity for an enterprise value of Rs 4,650 crore.

The assets include 12 clinical establishments, four greenfield establishments, and two operating hospitals.



Source: PTI
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