MoneyWorks4Me

UBS Principal Capital sells 5.44% stake in Fortis Healthcare

04 May 2018 Evaluate

UBS Principal Capital Asia has offloaded 5.44% stake in Fortis Healthcare for over Rs 443 crore through an open market transaction. It has sold a total of 2,82,31,975 shares on National Stock Exchange (NSE). The shares were sold on Rs 157 a piece, valuing the transaction at Rs 443.24 crore.

However, York Asian Opportunities Investments Master Fund, York Asian Strategic Meteric Master, York Multi-Strategy Master Fund together picked up 2,82,35,492 shares of 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 specialty and hospitals, with a healthcare network spanning 9 countries.

Peers