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Reliance to Enter Healthcare, May Look at Fortis Stake

17 Jun 2010 Evaluate

Reliance Industries Ltd. is considering an entry into the Indian healthcare business and may be evaluating the purchase of a stake of as much as 26 percent in Fortis Healthcare Ltd., according to sources. Reliance Industries spokesperson declined to comment and a Fortis Healthcare spokesperson denied the report.

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Peers
Company Name CMP
Reliance Industries 1190.00
Indian Oil Corpn. 129.00
Bharat PetroleumCorp 281.25
HPCL 338.00
MRPL 162.35
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