GIC having second thoughts about investing in India's Fortis

Reuters, 25 Jun 2010
NEW DELHI, June 25 (Reuters) - Indian hospital operator Fortis Healthcare (FOHE.BO) said the Government of Singapore Investment Corp (GIC) had decided to defer a preferential investment but the sovereign wealth fund will evaluate participating in broader fund raising by Fortis.
Fortis, pitted against Malaysian state fund Khazanah for control of Singapore hospital chain Parkway Holdings (PARM.SI), will have to offer more than $2.3 billion to buy all of Parkway. Full Story


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