Fortis Healthcare, one of India’s largest healthcare chains, has completed the preferential allotment of 3.7 million shares to Standard Chartered Private Equity Mauritius III (SCPE), successfully bringing to a close its current phase of fund raising initiatives. With this allotment, the company has cumulatively raised Rs 1,040 crore, this year, through equity and equity linked instruments.
The International Finance Corporation (IFC), a key strategic investor with a long term horizon and commitment to healthcare has so far invested approximately Rs 570 crore in the company through the IPP in May 2013, the preferential allotment of equity shares and subscription to the company’s FCCB issuance-both made during June 2013.
In the last phase of this current fund raising program, the company completed the preferential allotment of 3.7 million equity shares at a price of Rs 99.09 per share to Standard Chartered Private Equity Mauritius III (SCPE). SCPE / entities acting in concert with SCPE had previously invested in the IPP of the company and have also recently intimated to the stock exchanges that they are the key investor in the public issue of FCCBs that the company listed on the Singapore Stock Exchange (SGX) in July 2013. With this the cumulative investment by SCPE in the company is estimated to be approximately Rs 250 crore.
The International Finance Corporation (IFC), a key strategic investor with a long term horizon and commitment to healthcare has so far invested approximately Rs 570 crore in the company through the IPP in May 2013, the preferential allotment of equity shares and subscription to the company’s FCCB issuance-both made during June 2013.
In the last phase of this current fund raising program, the company completed the preferential allotment of 3.7 million equity shares at a price of Rs 99.09 per share to Standard Chartered Private Equity Mauritius III (SCPE). SCPE / entities acting in concert with SCPE had previously invested in the IPP of the company and have also recently intimated to the stock exchanges that they are the key investor in the public issue of FCCBs that the company listed on the Singapore Stock Exchange (SGX) in July 2013. With this the cumulative investment by SCPE in the company is estimated to be approximately Rs 250 crore.
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