Fortis in talks for fresh capital of Rs 50 bn as part of Singhs' stake sale

Fortis is also exploring other structures for a capital infusion, which could result in dilution for existing shareholders, Singh said

Fortis Healthcare Ltd. is seeking a cash injection of as much as Fortis in talks for fresh capital of Rs 50 billion as part of Singhs' stake saleas part of its billionaire founders’ talks to sell their stake in India’s second-largest private hospital chain.

Malvinder and Shivinder Singh have been in talks with private equity firms for the past year to sell their 34 percent stake in Fortis to pay down debt at their holding company, Fortis President Daljit Singh said in an interview Thursday. The deal could also include as much as