NEW DELHI: Fortis Healthcare on Tuesday stated its shareholders have given a nod to the corporate’s acquisition through Malaysia’s IHH Healthcare. The shareholders voted through an overwhelming majority of 99.69% in favour of issuance of fairness stocks on a preferential allotment foundation, the corporate stated.
The corporate added that they've additionally approved through 99.99% votes to reclassify individuals of promoter/promoter crew to public shareholder class and classification of Northern TK Venture as a promoter. Additionally, the shareholders have approved an building up in authorized capital of the corporate and alteration of capital clause of memorandum of association of the corporate, it added.
Fortis Healthcare chairman Ravi Rajagopal stated, “I am overjoyed to announce that we have received an amazing 99.7% votes in favour of the preferential allotment to IHH, from the shareholders who voted.” With this approval, the transaction is now looking ahead to different regulatory nods, he added. “We consider a partnership with IHH will further beef up Fortis’ operational platform and open new alternatives, thereby striking the corporate in a far more robust and resilient place.”
In a submitting to the BSE, the corporate additionally reported a consolidated net loss of Rs 53 crore for the primary quarter ended June 30, 2018-19. It had posted a net benefit of Rs 23 crore for the April-June period of the previous fiscal. Consolidated source of revenue from operations stood at Rs 1,042 crore for the quarter into consideration. It used to be Rs 1,157 crore for the year-ago period.
The corporate added that they've additionally approved through 99.99% votes to reclassify individuals of promoter/promoter crew to public shareholder class and classification of Northern TK Venture as a promoter. Additionally, the shareholders have approved an building up in authorized capital of the corporate and alteration of capital clause of memorandum of association of the corporate, it added.
Fortis Healthcare chairman Ravi Rajagopal stated, “I am overjoyed to announce that we have received an amazing 99.7% votes in favour of the preferential allotment to IHH, from the shareholders who voted.” With this approval, the transaction is now looking ahead to different regulatory nods, he added. “We consider a partnership with IHH will further beef up Fortis’ operational platform and open new alternatives, thereby striking the corporate in a far more robust and resilient place.”
In a submitting to the BSE, the corporate additionally reported a consolidated net loss of Rs 53 crore for the primary quarter ended June 30, 2018-19. It had posted a net benefit of Rs 23 crore for the April-June period of the previous fiscal. Consolidated source of revenue from operations stood at Rs 1,042 crore for the quarter into consideration. It used to be Rs 1,157 crore for the year-ago period.
Fortis gets shareholders’ nod for stake sale to IHH
![Fortis gets shareholders’ nod for stake sale to IHH]()
Reviewed by Kailash
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August 15, 2018
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