Fortis Healthcare allots 18.8 mn shares to IFC

Last Updated: Friday, June 7, 2013 - 10:36

Zee Media Bureau

New Delhi: Fortis Healthcare(FOHE.NS) India's No. 2 hospital chain, said its board allotted 18.8 million shares on a preferential basis to the International Finance Corp (IFC).

Fortis, which also runs healthcare facilities in Singapore, Malaysia, the Gulf and other Asian countries, allotted the shares at an issue price of 99.09 rupees per share, it has said in a statement.

The company's board has by a resolution allotted 18,833,700 equity shares of the company to International Finance Corporation (IFC), on a preferential basis, Fortis Healthcare said in a filing to the BSE.

IFC, the financial arm of the World Bank, invests in the private sector in developing nations.

With Agency Inputs

First Published: Friday, June 7, 2013 - 10:36

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