 "Fortis Healthcare arm hikes stake in Lalitha Healthcare")
Fortis Healthcare on Wednesday said its arm Fortis Cancer Care has increased stake in group firm Lalitha Healthcare, thereby taking its overall holding to 79.43%.
Fortis Cancer Care Ltd (FCCL) has increased shareholding in Lalitha Healthcare Pvt Ltd (LHPL) acquiring 98,972 shares (12.2%) of Rs 10 each, Fortis Healthcare said in a BSE filing.
FCCL has acquired these shares worth Rs 9.89 lakh from one of the directors of LHPL.
"Post-acquisition, the shareholding of FCCL in LHPL shall be 6,44,596 equity shares (79.43%) of Rs 10 each," it added.
The company further said FCCL is also contemplating to sell its entire holding in LHPL, including the newly acquired shares.
LHPL had a turnover of Rs 21.5 crore in the year ended March 31, 2015, and Rs 18.7 crore in the preceding year.
