The company made the announcement during trading hours today, 26 December 2012.
Meanwhile, the BSE Sensex was up 188.06 points or 0.98% at 19,443.15.
On BSE, 1.89 lakh shares were traded in the counter as against average daily volume of 1 lakh shares in the past one quarter.
The stock hit a high of Rs 118 and a low of Rs 113.60 so far during the day. The stock had hit a 52-week high of Rs 119.50 on 17 December 2012. The stock had hit a 52-week low of Rs 81 on 28 December 2011.
The stock had outperformed the market over the past one month till 24 December 2012, surging 13.59% compared with the Sensex's 4.04% rise. The scrip had also outperformed the market in past one quarter, jumping 13.54% as against Sensex's 3.12% gain.
The mid-cap company has equity capital of Rs 405.20 crore. Face value per share is Rs 10.
Promoters currently hold 81.48% stake in Fortis Healthcare (as per the shareholding pattern as on 30 September 2012). Under the Securities Contracts (Regulation) Rules, 1957, private sector companies must increase public shareholding to at least 25% by 3 June 2013.
Fortis Healthcare's subsidiary Fortis Healthcare International Pte on 16 December 2012, announced its decision to sell its 64% stake in Dental Corporation Holdings (DC), Australia, to Bupa, for a consideration of Australian dollar $270 million. The deal is expected to be completed in March 2013 subject to shareholder and regulatory approvals, Fortis said. The DC divestment is in line with Fortis's strategic decision to focus on healthcare in Asia including India and on developing, staffing, operating and managing healthcare assets that cater to complex clinical work at the higher end of the medical delivery value spectrum. The divestment will go towards further strengthening the Fortis balance sheet bringing it closer to its net debt to equity target ratio of 0.6x.
Fortis Healthcare reported a consolidated net loss of Rs 28.43 crore in Q2 September 2012, higher than net loss of Rs 12.59 crore in Q2 September 2011. Net sales rose 146.5% to Rs 1476.74 crore in Q2 September 2012 over Q2 September 2011.
Fortis Healthcare Limited is a leading, integrated healthcare delivery provider in Asia. The healthcare verticals of the company span diagnostics, primary care, day care specialty and hospitals, with an asset base in 11 countries, many of which represent the fastest-growing healthcare delivery markets in the world. Currently, the company operates its healthcare delivery network in Australia, Canada, Dubai, Hong Kong, India, Mauritius, New Zealand, Singapore, Sri Lanka, Nepal, and Vietnam with 75 hospitals, over 12,000 beds, over 600 primary care centres, 191 day care specialty centres, and over 230 diagnostic centres.
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