Fortis Healthcare,may sell,on restructuring

As per definitive agreement, Fortis has agreed to buy Indian portfolio of assets at an enterprise value of Rs 4,650 cr. A debt to the tune of Rs 1,152 cr of Religare Health Trust (RHT) will be transferred to Fortis balance sheet, as per deal.This decision by Fortis to buy entire India portfolio of assets of Singapore listed RHT hints at easing the current structure to hasten process of probable stake sale.

Ref. : http://www.moneycontrol.com/news/business/companies/does-fortis-healthcare-restructuring-hint-at-possible-sale-2507423.html

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Fortis Healthcare,may sell,on restructuring

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Fortis Healthcare,may sell,on restructuring