The Reserve Bank of India (RBI) has restricted the Foreign Institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs) in Fortis Healthcare as the foreign investors have crossed the overall limit of 24% of paid-up capital of the company.
RBI monitors ceilings on FII/NRI/PIO investments in Indian companies on a daily basis.
Fortis Healthcare is an integrated healthcare delivery service provider in Asia. The healthcare verticals of the company span primary care, diagnostics, day care specialty and hospitals, with a healthcare network spanning 9 countries.