Tuesday 12 May 2015

Fortis completes divestment of RadLink-Asia and its subsidiaries to Fullerton Healthcare Group

The stock is trading down 0.06% from its previous close which was at Rs. 163. It hit a high at Rs. 164 and low at Rs. 160. 

Fortis Healthcare International Pte Lts, subsidiary of Fortis Healthcare confirmed that it has received the sum of SGD 111 million from sale of its Singapore based RadLink-Asia Pte Limited and its Subsidiaries to Fullerton Healthcare Group Pte. The deal announced on May 1, 2015 now stands completed. J.P Morgan and ReligareCapital Markets acted as financial advisors to Fortis for this transaction.

At 11:35 AM, the stock of the company is trading at Rs. 162.40. The stock is trading down 0.06% from its previous close which was at Rs. 163. It hit a high at Rs. 164  and low at Rs. 160. The total traded quantity is 313,000 and two-week average quantity is 0.98 lakh.  

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