Mumbai Hospital chain Fortis Healthcare today said its shareholders have approved selling 6.58 per cent stake in the company to Singapore-based private equity firm GIC for Rs 380 crore.The stake sale has been carried through preferential allotment of 2.23 crore equity shares.
The company in a filing to the Bombay Stock Exchange said that its shareholders in an extra-ordinary general meeting held today approved the allotment of 2.23 crore equity shares of Rs 10 each at a premium of Rs 160 to Lathe Investment Pte Ltd, an affiliated investment vehicle of GIC Special Investment. Full Story
