Shares of Fortis Healthcare jumped over 4 per cent today amid reports that Malaysia's IHH Healthcare Bhd is planning to bid for the company.
The stock gained 4.17 per cent to end at Rs 153.80 on BSE. Intra-day, it rose by 4.63 per cent to Rs 154.50.
At NSE, shares of the company gained 4 per cent to close at Rs 153.90.
The company's market valuation rose by Rs 319.95 crore to Rs 7,976.95 crore.
In terms of equity volume, 16.19 lakh shares of the company were traded on BSE and over one crore shares changed hands at NSE during the day.
Media reports said Malaysia's IHH is planning to bid for Fortis Healthcare.
On Tuesday, Manipal Health Enterprises raised its offer for Fortis Healthcare Ltd (FHL) by valuing the hospital business higher at Rs 6,061 crore, according to a regulatory filing.
Last month, FHL board approved the demerger of Fortis hospitals business, which would be acquired by Manipal Hospitals and TPG Capital, along with the sale of 20 per cent stake in diagnostics chain SRL Ltd.
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