Fortis Healthcare gains after raising Rs 370 mn via PE
Published: 06th September 2013 10:18 AM
Last Updated: 06th September 2013 10:18 AM
Fortis Healthcare gained on Friday after its board of directors
has allotted 37,37,449 shares to Standard Chartered Private Equity
(Mauritius) III, on a preferential basis, at an issue price of Rs
99.09 share, aggregating to Rs 370.3 million.
With this allotment, Fortis has cumulatively raised Rs 10.40
billion, this year, through equity and equity linked instruments,
gaining from the confidence of globally recognised strategic and
financial investors in its future plans, amidst tight liquidity
conditions. Shares ofthe companyare trading at Rs
97.50, up Rs 1.8, or 1.88% at the Bombay Stock Exchange (BSE) on
Friday at 9:48 a.m.The scrip has touched an intra-day high of Rs
98.75 and low of Rs 97. The total volume of shares traded at the
BSE is 9,970.In the earlier session, the shares gained 0.47%, or Rs
0.45, at Rs 95.70. Currently, the stock is trading down 18.41% from
its 52-week high of Rs 119.50 and above 16.07% over the 52-week low
of Rs 84.
Share Price Movement Period Pricein Rs Gain/(Loss) in
Rs in % 1 Week 91.60 (3.35) (3.66) 1 Month 94.65 (6.40) (6.76) 3
Months 95.10 (6.85) (7.20) 6 Months 113.65 (25.40) (22.35) 1 Year
100.40 (12.15) (12.10) Note: Based on previous day closing price.