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    • Yes Bank reduces stake...

    Yes Bank reduces stake in Fortis Healthcare by selling shares worth over Rs 1.51 crore

    Farhat NasimWritten by Farhat Nasim Published On 2019-06-12T11:29:21+05:30  |  Updated On 13 Aug 2021 10:58 AM GMT

    New Delhi: Yes Bank has reduced its stake in Fortis healthcare (FHL) by around 2 per cent by selling over 1.51 crore shares of the company in various tranches, according to a regulatory filing by the healthcare firm.


    The private sector lender had 8.76 per cent stake in FHL before these transactions.


    According to the filing to the BSE, Yes Bank sold 1,51,06,283 equity shares of the company, constituting 2.0010 per cent of the paid-up share capital of Fortis Healthcare Ltd as on March 31, 2019, in various tranches, last being on June 7, 2019.


    The shares were sold in the open market between 20 December 2018 to 7 June 2019.

    Also Read: Fortis Healthcare gets BSE, NSE nod for reclassification of promoters


    After the sale, the bank now has 6.76 per cent stake in the healthcare chain.


    Currently, Northern TK Venture Pte Ltd as a promoter of Fortis Healthcare holds 31.17 per cent stake in the company.


    Fortis Healthcare Limited (FHL) is a chain of hospitals, headquartered in India. The company started its health care operations from Mohali where first Fortis Hospital was started. Later on, the hospital chain purchased the healthcare branch of Escorts Group and increased its strength in various parts of the country.


    The FHL also operates its hospital in Vasant Kunj, Faridabad, Gurgaon. The FMRI hospital at Gurgaon is the headquarter of FHL with all the major facilities at the hospital.


    Also Read: Fortis investors move SEBI over delay in IHH open offer, ask for interest: Report

    BSE Escorts Group FHL FMRI hospital Fortis Fortis Healthcare fortis shares reduction Healthcare New Delhi Northern TK Venture Vasant Kunj Yes Bank Yes bank shares 
    Source : with inputs

    Disclaimer: This site is primarily intended for healthcare professionals. Any content/information on this website does not replace the advice of medical and/or health professionals and should not be construed as medical/diagnostic advice/endorsement or prescription. Use of this site is subject to our terms of use, privacy policy, advertisement policy. © 2020 Minerva Medical Treatment Pvt Ltd

    Farhat Nasim
    Farhat Nasim

      Farhat Nasim joined Medical Dialogue an Editor for the Business Section in 2017. She Covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She is a graduate of St.Xavier’s College Ranchi. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751 To know about our editorial team click here

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