Hospital chain Fortis Healthcare today said that one of its main promoters Fortis Healthcare Holdings has pledged 20.75 per cent stake of the company for an undisclosed amount.
Its promoter (Fortis Healthcare Holdings) has pledged 4,70,32,900 shares representing 20.75 per cent stake in the company, Fortis Healthcare said in a filing to the Bombay Stock Exchange.
The disclosure by Fortis Healthcare of pledged shares comes following the market regulator Sebi asking promoters of the listed companies to disclose the amount of shares pledged with lenders.
The regulator's announcement comes in the wake of the Satyam scam, wherein promoter Ramalinga Raju had pledged nearly all his shares - whose prices he had inflated by falsifying profits.
Shares of Fortis Healthcare were trading at Rs 67.50, up 1.12 per cent on the BSE.
