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Fortis Healthcare rises on plan to sell its entire stake in Hoan My, Vietnam

12 Jun 2013 Evaluate

Fortis Healthcare is currently trading at Rs. 90.70, up by 0.65 points or 0.72% from its previous closing of Rs. 90.05 on the BSE.

The scrip opened at Rs. 91.10 and has touched a high and low of Rs. 91.40 and Rs. 90.50 respectively. So far 7,909 shares were traded on the counter.

\The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 119.50 on 17-Dec-2012 and a 52 week low of Rs. 87.10 on 31-May-2013.

Last one week high and low of the scrip stood at Rs. 93.45 and Rs. 87.15 respectively. The current market cap of the company is Rs. 3,992.00 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 9.20% and 15.80% respectively.

Fortis Healthcare, one of the country’s largest healthcare companies, has entered into an agreement with Viva Holdings Vietnam, a wholly owned subsidiary of Chandler Holdings and a Chandler Corporation company, to sell its entire stake in Fortis Hoan My Medical Corporation (Hoan My), Vietnam, for a total consideration of $80 million.

The offer price provides a premium to the purchase price paid by Fortis for the acquisition of Hoan My. The transaction is EPS accretive to Fortis Healthcare and post this divestment the net debt to equity ratio of the company is expected to go down to less than 0.6 times.

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.

Fortis Healthcare Share Price

889.75 15.45 (1.77%)
17-Apr-2026 16:59 View Price Chart
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