Fortis Healthcare is planning to mop up around $43.5 million through issue of various instruments, including Foreign Currency Convertible Bonds (FCCBs) in Singapore. Recently, the issue committee duly constituted by the board of directors of the company has approved the issue of FCCBs up to $30 million, to be listed on Singapore Exchange Securities Trading, and has decided to launch the issue.
The conversion price in respect of the issue of the FCCBs, is Rs 99.09 per equity share and the relevant date for this purpose is July 23, 2013. Besides, the company’s board has approved to raise $13.5 million by issue of 88.55 lakh shares to Standard Chartered Pvt Equity (Mauritius) III Ltd on a preferential 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.
| 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 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: