FORTIS.NS - Fortis Healthcare Limited

NSE - NSE Real Time Price. Currency in INR
149.65
+1.20 (+0.81%)
At close: 3:30PM IST
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Previous Close148.45
Open149.40
Bid149.65 x 0
Ask0.00 x 0
Day's Range148.05 - 153.30
52 Week Range107.10 - 228.95
Volume7,969,011
Avg. Volume22,377,097
Market Cap77.566B
Beta0.33
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Reuters2 days ago

    TIMELINE: Fortis Healthcare bidding war: The story so far

    (Reuters) - India's Fortis Healthcare Ltd (FHL), which runs a network of about 30 hospitals across India, became an attractive target for a heated takeover battle that has intensified over the past few ...

  • Reuters2 days ago

    UPDATE 3-China's Fosun becomes fourth suitor for India's troubled Fortis

    Cash-strapped Fortis Healthcare Ltd said Fosun International Ltd has offered to invest up to $350 million, making the Chinese firm the fourth suitor aiming to tap soaring demand for private healthcare in India. The unsolicited non-binding offer follows one other offer of investment from local businesses and separate takeover bids from unlisted Manipal Health Enterprises Ltd and Malaysia's IHH Healthcare Bhd.

  • Reuters2 days ago

    Fortis in five-way battle for control as KKR-backed firm makes offer

    In its non-binding offer, Radiant, the fifth suitor for Fortis, proposed on Thursday to make an investment and re-structure the company, Fortis said in a filing that had Radiant's offer letter attached to it. "I think now, we will have revised offers coming," said Gaurang Shah, head investment strategist at Geojit Financial Services.

  • Reuters2 days ago

    India's Fortis in 5-way battle for control as KKR-backed firm makes offer

    The battle for control of India's Fortis Healthcare Ltd intensified after KKR-backed Radiant Life Care Private Ltd entered the fray with an offer to buy more than a quarter of the cash-strapped company's hospital business. In its non-binding offer, Radiant, the fifth suitor for Fortis, proposed on Thursday to make an investment and re-structure the company, Fortis said in a filing that had Radiant's offer letter attached to it.

  • Reuters2 days ago

    BRIEF-Fortis Healthcare Says Received Unsolicited Non-Binding Expression Of Interest From Radiant Life Care

    April 19 (Reuters) - Fortis Healthcare Ltd: * FORTIS HEALTHCARE - RECEIVED UNSOLICITED NON-BINDING EXPRESSION OF INTEREST FROM RADIANT LIFE CARE PRIVATE WITH PROPOSAL FOR MAKING INVESTMENT * FORTIS HEALTHCARE ...

  • Reuters3 days ago

    India's Fortis Healthcare to form committee to assess binding bids

    Indian hospital operator Fortis Healthcare will set up an advisory committee to evaluate binding offers from suitors lining up to buy the cash-strapped company or take a stake. Fortis has become the target of a takeover battle that includes offers from China's Fosun International and Malaysia's IHH Healthcare. The other two offers -- from local rival Manipal Health Enterprises and a consortium of two prominent Indian business families, Hero Enterprise and the Burman Family Office -- are both binding.

  • Reuters3 days ago

    BRIEF-Fortis Healthcare Director Brian Tempest Says Co 'Focusing On Binding Offers'

    April 19 (Reuters) - Fortis Healthcare Director Brian Tempest: * FORTIS HEALTHCARE EXEC SAYS BOARD AND ADVISORY COMMITTEE "ARE FOCUSING ON BINDING OFFERS" * FORTIS HEALTHCARE EXEC SAYS BID FROM ...

  • Reuters3 days ago

    BRIEF-Fortis Healthcare To Establish Independent Evaluation Process For Evaluating All Binding Proposals

    April 19 (Reuters) - Fortis Healthcare Ltd: * CO APPROVED CONSTITUTION OF EXPERT ADVISORY COMMITTEE, TO OVERSEE EVALUATION PROCESS AND FUNCTION AS ADVISOR TO BOARD * DECIDED TO ESTABLISH INDEPENDENT EVALUATION ...

  • Reuters3 days ago

    BRIEF-IHH Healthcare Says Issued Non-Binding Letter To Fortis To Infuse Up To INR 40 Bln Into Fortis

    April 19 (Reuters) - IHH HEALTHCARE BHD * ISSUED STRICTLY NON-BINDING LETTER TO BOARD OF FORTIS EXPRESSING IHH’S READINESS TO INFUSE UP TO INR 40 BILLION INTO FORTIS * INFUSION INTENDED TO FUND BUYING ...

  • Reuters3 days ago

    Hero Enterprise, Burman raise bid for Fortis

    (Reuters) - Fortis Healthcare Ltd said on Thursday it had received an improved binding offer worth 15 billion rupees ($228.3 million) from Hero Enterprise Investment Office and Burman Family Office. The ...

  • Reuters4 days ago

    China's Fosun becomes fourth suitor for troubled Fortis

    The unsolicited non-binding offer follows one other offer of investment from local businesses and separate takeover bids from unlisted Manipal Health Enterprises Ltd and Malaysia's IHH Healthcare Bhd. Interest in Fortis comes as the government works to provide health insurance for about half of India's 1.3 billion population, which analysts expect will enable more people to use private healthcare services. Fortis runs about 30 hospitals, having grown rapidly with demand created by a stretched public healthcare system.

  • Reuters5 days ago

    Deals of the day-Mergers and acquisitions

    (Updates Open Text and Eletropaulo Metropolitana; adds Xerox, Sanofi, Murray & Roberts, Goldman Sachs, Toys "R" Us and Fortis Healthcare) April 17 (Reuters) - The following bids, mergers, acquisitions ...

  • Reuters5 days ago

    Fosun offers to invest up to $350 mln in India's Fortis Healthcare

    India's Fortis Healthcare Ltd , the target of two rival takeover bids, received an unsolicited investment offer of up to $350 million from a unit of Chinese conglomerate Fosun International, the company said in a regulatory filing on Tuesday. Fosun Healthcare in a letter to Fortis said it has offered up to 156 rupees ($2.38) per Fortis share and won't hold more than 25 percent stake in the hospital and diagnostics chain. Fosun has also offered a cash infusion of 1 billion rupees within the next 45 days, including the option of immediately subscribing to a convertible debt, if Fortis grants 30 days of exclusivity to negotiate the investment proposal.

  • Reuters5 days ago

    BRIEF-Fortis Healthcare Ltd says received an unsolicited non-binding expression of interest from Fosun Health Holdings Ltd

    April 17 (Reuters) - Fortis Healthcare Ltd : * FORTIS HEALTHCARE LIMITED SAYS RECEIVED AN UNSOLICITED NON-BINDING EXPRESSION OF INTEREST FROM FOSUN HEALTH HOLDINGS LIMITED * FORTIS HEALTHCARE - EXPRESSION ...

  • Fortis Healthcare's board to consider options amid takeover battle
    Reuters6 days ago

    Fortis Healthcare's board to consider options amid takeover battle

    MUMBAI/BENGALURU (Reuters) - Fortis Healthcare Ltd said on Monday its board would meet on Thursday to consider options after the hospital company became the target of rival takeover bids. Malaysia's IHH Healthcare Bhd has made a proposed offer for Fortis worth $1.3 billion, while smaller local rival Manipal Health Enterprises Pvt Ltd, has made an offer of about $1.2 billion. IHH, one of Asia's largest healthcare operators, said Fortis Healthcare had declined to engage with it on its offer.

  • Fortis Healthcare's board to consider options amid takeover battle
    Reuters6 days ago

    Fortis Healthcare's board to consider options amid takeover battle

    MUMBAI/BENGALURU (Reuters) - Fortis Healthcare Ltd said on Monday its board would meet on Thursday to consider options after the hospital company became the target of rival takeover bids. Malaysia's IHH Healthcare Bhd has made a proposed offer for Fortis worth $1.3 billion, while smaller local rival Manipal Health Enterprises Pvt Ltd, has made an offer of about $1.2 billion. IHH, one of Asia's largest healthcare operators, said Fortis Healthcare had declined to engage with it on its offer.

  • Reuters6 days ago

    BRIEF-Fortis Healthcare Says Board To Meet This Week To Look At Eligible Options

    * SAYS BOARD WILL BE MEETING THIS WEEK TO LOOK AT ALL ELIGIBLE OPTIONS Source text - "The Board of Directors of Fortis Healthcare Limited had approved the demerger of its hospitals business into Manipal Hospital Enterprises Private Limited (MHEPL) on the 27th of March 2018. The Board had also approved sale of its 20% stake in SRL Limited to Manipal Hospitals on the same day, both being subject to shareholders and regulatory approvals. Last week, Fortis has received two binding offers: one is a revised offer from MHEPL and the second is a joint binding offer from Hero Enterprise Investment Office and Burman Family Office expressing interest in the company.

  • Reuters6 days ago

    BRIEF-IHH Healthcare Says Fortis' Board Indicated Its Inability To Engage With Co

    April 16 (Reuters) - IHH Healthcare Bhd: * RESPONDS TO ARTICLE “IHH IN BATTLE FOR FORTIS AGAIN” PUBLISHED IN THE STAR, STARBIZWEEK SECTION ON 14 APRIL 2018 * FORTIS' BOARD INDICATED ITS INABILITY TO ENGAGE ...

  • Reuters9 days ago

    Malaysia's IHH tops Manipal Hospital's bid for India's Fortis

    Malaysia's IHH Healthcare Berhad on Thursday offered to buy India's Fortis Healthcare Ltd, sparking a potential three-way takeover battle for the company at a time when interest in Indian healthcare assets is rising. IHH, one of Asia's largest healthcare operators, has bid 160 rupees ($2.45) per share for Fortis, topping a 155 rupees per share offer from Fortis's Indian rival Manipal Healthcare Enterprises Private Limited. Fortis separately on Thursday received an investment offer worth 12.5 billion rupees ($191.5 million) from two Indian investors - Sunil Munjal's Hero Enterprise and the Burman Family Office, the private investment arm of the family that owns consumer goods firm Dabur India.

  • Reuters9 days ago

    BRIEF-Fortis Healthcare Gets Unsolicited Non-Binding EoI From IHH Healthcare Berhad

    April 13 (Reuters) - Fortis Healthcare Ltd: * BINDING EXPRESSION OF INTEREST FROM IHH HEALTHCARE BERHAD FOR POSSIBLE DUE DILIGENCE AND PARTICIPATION WITH CO Source text - http://bit.ly/2GUUgWB Further ...

  • Reuters10 days ago

    India's Hero, Burman offer to invest in Fortis Healthcare

    BENGALURU/MUMBAI, April 12 (Reuters) - India's Fortis Healthcare said on Thursday it had received an investment offer worth 12.5 billion rupees ($191.5 million) from Hero Enterprise Investment Office and the Burman Family Office. Hero Enterprise is an investment company formed by Sunil Munjal, founder of the country's largest motorcycle maker Hero Group. The Burman Family Office is the private investment arm of the family that owns consumer goods company Dabur India.

  • Reuters10 days ago

    BRIEF-IHH Healthcare Is Said To Propose Up To $1.3 Bln Offer For Fortis, Topping TPG - Bloomberg

    April 12 (Reuters) - * IHH HEALTHCARE IS SAID TO PROPOSE UP TO $1.3 BLN OFFER FOR FORTIS, TOPPING TPG - BLOOMBERG, CITING SOURCES Source text: https://bloom.bg/2GVlw7u

  • Reuters11 days ago

    BRIEF-IHH Preparing To Formally Approach Fortis With Rival Bid - ET Now Citing Sources

    April 11 (Reuters) - * IHH PREPARING TO FORMALLY APPROACH FORTIS WITH RIVAL BID - ET NOW CITING SOURCES * IHH CONTEMPLATING CASH OFFER FOR FORTIS HEALTH - ET NOW CITING SOURCES * IHH PREPARED TO TAKE BID ...

  • Manipal in deal to buy Fortis hospitals, set to face Fortis shareholder ire
    Reuters25 days ago

    Manipal in deal to buy Fortis hospitals, set to face Fortis shareholder ire

    BANGALORE/MUMBAI (Reuters) - Manipal Hospitals Enterprises Private Ltd plans to buy troubled Fortis Healthcare Ltd's hospital business, but the deal is expected to run into opposition from Fortis minority shareholders whose shares plunged 14 percent on the news. If successful, the acquisition would create one of India's biggest healthcare providers and help resolve an uncertain outlook for Fortis, which has been under a cloud as authorities investigate whether its founders siphoned funds out of the company. Fortis Chief Executive Bhavdeep Singh said the deal would be worth 150 billion Indian rupees ($2.3 billion), according to the estimated value of both firms and the cash involved.

  • Fortis Healthcare posts net loss for September, December quarters
    Reuters2 months ago

    Fortis Healthcare posts net loss for September, December quarters

    Fortis posted a net loss of 236.1 million rupees ($3.62 million) for the quarter ending Sept. 30 compared with a profit of 382.4 million rupees a year ago, mainly on a one-time charge due to the closure of a hospital, it said in a stock exchange filing. For the December quarter, it reported a net loss of 191 million rupees, compared with a profit of 4.53 billion rupees on a one-off gain by an associate company in the year-ago period. The main shareholders of Fortis, Malvinder Mohan Singh and Shivinder Mohan Singh, stepped down from the board last month saying it was in the interests of the company because of multiple legal troubles they were facing.