Fortis Healthcare is currently trading at Rs. 104.55, up by 1.35 points or 1.31% from its previous closing of Rs. 103.20 on the BSE.
The scrip opened at Rs. 105.00 and has touched a high and low of Rs. 106.50 and Rs. 103.75 respectively. So far 44966 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 133.15 on 03-Nov-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. 108.95 and Rs. 102.65 respectively. The current market cap of the company is Rs. 4244.51 crore.
The promoters holding in the company stood at 81.48% while Institutions and Non-Institutions held 5.69% and 12.84% respectively.
Fortis Healthcare, country’s largest hospital chain, has raised a little over S$510 million or Rs 2,300 crore, by offloading 70% stake in its business trust Religare Health Trust through an initial public offer on the Singapore Stock Exchange. As per its prospectus filed with the Monetary Authority of Singapore, the Religare Health Trust will initially hold hospital properties worth $612.4 million in its portfolio. Religare offered 567.46 million shares at $0.90 each.
The company will utilize these funds to pare its current debt of around Rs 7,000 crore. Further, Religare Health Trust has assured a dividend distribution yield of around 8.5% for its investor.
Fortis had initially planned to list Religare at Singapore bourses in the fourth quarter of last year, but deferred the listing due to volatile stock market conditions and on account of delays in consolidation of businesses.
| Company Name | CMP |
|---|---|
| Apollo Hospital Ent. | 7699.05 |
| Max Healthcare Inst | 1006.90 |
| Narayana Hrudayalay | 1825.55 |
| Aster DM Healthcare | 688.30 |
| Global Health | 1089.55 |
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