Fortis Healthcare EGM approves issue of shares to GIC arm

Fortis Healthcare Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 09, 2010, have approved the Issuance & allotment of upto 22.35 Million Equity Shares of face value Rs. 10/- each, at a premium of Rs. 160 per share, on preferential basis to M/s. Lathe Investment Pte. Ltd. (an affiliated investment vehicle of GIC Special Investments Pte Ltd., Singapore) aggregating Rs. 3800 million.

The stock was trading at Rs.140.35, up by Rs.0.40 or 0.29%. The stock hit an intraday high of Rs.143.80 and low of Rs.139.75.

The total traded quantity was 752337 compared to 2 week average of 1130661.

Source : Equity Bulls

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