Fortis Healthcare Rights Issue

Fortis Healthcare Ltd has announced Right Issue :

1. To raise funds by way of issue of Equity Shares with warrants on right basis aggregating to Rs 1000 Crores (excluding the value of warrants, as and when exercised). The Board has also constituted a committee and delegated the necessary powers to the Committee to decide about the modalities of right issue.

2. To Increase the Authorised Share Capital of the Company from Rs 400,00,00,000 (Rupees Four Hundred Crores) to Rs 678,00,00,000 (Rupees Six Hundred Seventy Eight Crores) by addition of 27,80,00,000 (Twenty Seven Crores Eighty Lacs) Equity Shares of Rs 10 (Rupees Ten) each aggregating to Rs 278,00,00,000 (Rupees Two Hundred Seventy Eight Crores).

About Fortis Healthcare:

2004 -Fortis inks deal with Jessa Ram Hospital to takeover the management of the hospital

2005

-Fortis Hospital rolls out Golden Age Club

-Fortis buys Escorts Heart

-Fortis Healthcare signs $33.33m pre-IPO deals

The Company was incorporated on February 28, 1996 as Rancare Limited under the Companies Act. Subsequently on June 20, 1996 our name was changed to our present name-Fortis Healthcare Limited. The Company received the certificate of commencement of business on July 1, 1996.

Categories: Right Issue
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