Monday, December 29, 2008

Fortis Healthcare get nod to raise Rs 1800 crore

Fortis Healthcare Ltd, one of the leading player in the healthcare sector, has informed that company’s board of directors at its meeting on Wednesday has decided to raise Rs 1,800 crore through issue of fresh shares and warrants on rights basis to the existing shareholders.

The move includes Rs 1,000 crore from rights issue of equity shares. However, the company has not decided the ratio of rights issue and its share price.

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