Indian hospital chain Fortis Healthcare (FOHE.BO) plans to raise up to $185 million through a preferential allotment of shares and a foreign currency convertible bonds issuance to fund acquisitions.Fortis will raise about $85 million by issuing 22.35 million shares at 170 rupees each on a preferential basis to the private equity and infrastructure arm of Singapore's state investment firm, GIC Special Investments Pte Ltd, the firm said on Monday. Full Story
Related:
Fortis Health sells 6.58% to Singapore's GIC for Rs 380 crore - The Economic Times
UPDATE1 - India's Fortis Healthcare to raise upto $185 mln - Reuters
