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18-Apr2017

Standard Chartered PE sells 1.41% stake in Fortis Healthcare

Standard Chartered Private Equity (Mauritius) III has sold a total of 73,04,455 shares, amounting to 1.41 per cent stake in Fortis Healthcare for over Rs 139 crore through an open market transaction. The shares of the company were sold at an average price of Rs 190.66 apiece, valuing the transaction at Rs 139.26 crore.

As of March quarter, Standard Chartered held 1,58,13,042 shares or 3.05% stake in Fortis Healthcare.

Fortis Healthcare is an integrated healthcare delivery service provider in Asia. The healthcare verticals of the company span primary care, diagnostics, day care specialty and hospitals, with a healthcare network spanning 9 countries.


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