Comments
Shares of Fortis Healthcare fell as Integrated Healthcare has pulled out of the deal.
Shares of Fortis Healthcare Ltd were down as much as 8.3 per cent to 181.55. The stock posted its biggest intraday percentage loss in over seven months.
Malaysia's Integrated Healthcare Holdings has said it is not currently engaged in any negotiations in India,, according to a regulatory filing to Singapore, Malaysian stock exchanges on Thursday.
Media had earlier reported Integrated Healthcare was eyeing a controlling stake in Fortis Healthcare, and SRL Diagnostics in a deal which valued the two companies at nearly $2.9 billion.
Up to Thursday's close, Fortis stock was up 22.8 per cent in 12 months.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.