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Fortis Healthcare is currently trading at Rs. 98.45, up by 1.05 points or 1.08% from its previous closing of Rs. 97.40 on the BSE.
The scrip opened at Rs. 97.40 and has touched a high and low of Rs. 99.95 and Rs. 97.40 respectively. So far 72724 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 171.50 on 27-Jul-2011 and a 52 week low of Rs. 81.00 on 28-Dec-2011.
Last one week high and low of the scrip stood at Rs. 99.95 and Rs. 91.00 respectively. The current market cap of the company is Rs. 4001.13 crore.
The promoters holding in the company stood at 81.49% while Institutions and Non-Institutions held 9.29% and 9.23% respectively.
Fortis Healthcare (India) completed acquisition of Fortis Healthcare International by its wholly-owned subsidiary Fortis Asia Healthcare (FAHPL). Earlier on November 01, 2011, the company had agreed to acquire 100 percent of Fortis Healthcare International from RHC Financial Services (Mauritius) for an agreed valuation of $665 million.
The agreed value of $665 million of Fortis Healthcare International includes assets pertaining to Dental Corporation Holdings, Australia, Quality Group Hong Kong, Hoan, My Medical Corporation, Vietnam, Fortis Specialty Hospital, Singapore, SRL Laboratories, Dubai and a minority stake in Lanka Hospital corporation, Sri Lanka.
In addition, Fortis Healthcare International continues to explore and engage in investment opportunities in healthcare across jurisdictions, none of which are currently material in nature and the consummation of which will be duly notified in accordance with applicable law.
The consideration for acquiring the equity shares of Fortis Healthcare International amounting to $262 million (after taking into account the outstanding liabilities of Fortis Healthcare International) was being funded through infusion of $262 million against redeemable preference (RPS) shares of FAHPL issued to the promoters of the company, carrying an annualized yield of five percent and are redeemable at the expiry of 18 months, with Fortis Asia Healthcare having an option to redeem the RPS prior to the expiry of 18 months.
| Company Name | CMP |
|---|---|
| Aster DM Healthcare | 348.60 |
| Apollo Hospital Ent. | 5936.05 |
| Max Healthcare Inst | 840.35 |
| Narayana Hrudayalay | 1303.90 |
| Global Health | 1415.90 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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