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Fortis Healthcare to buyback 3.1% stake in SRL

29 Sep 2015 Evaluate

Fortis Healthcare is planning to buyback 3.1% stake in diagnostic lab arm SRL from two investors for Rs 105 crore. In this regard, the company’s board has approved the acceptance of ROFR Notice issued to the company by Sabre Partners Trust, Spring Healthcare and Spring Healthcare India Trust.

Under the ROFR Notice, the investors had offered to transfer their complete shareholding in SRL to the company.

Fortis Healthcare is an integrated healthcare delivery service provider in Asia. The healthcare verticals of the company span primary care, diagnostics, day care speciality and hospitals, with a healthcare network spanning 9 countries.

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