Fortis Healthcare looks to sell stake in Singapore-listed RHT trust

FHIL and Stellant are both wholly-owned subsidiaries of FHL

At a time when its deal with IHH Healthcare is on hold, Fortis Healthcare’s (FHL) wholly-owned units have begun talks with various parties to sell their stake in the Singapore-listed RHT Health Trust and its trustee manager RHT Health Trust Manager Pte Ltd. The money raised through the sale (the amount is yet to evaluated but ranges around a few crores) is likely to be ploughed back into the Fortis business in India. 

According to sources, this process has begun after the buyback of the hospital assets from RHT Health Trust earlier this year. Fortis said funds raised would be utilised