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Fortis Healthcare

Fortis Healthcare Q1 PAT rises 40 percent to Rs 174 crore

Fortis Healthcare Q1 PAT rises 40 percent to Rs 174 crore

Wed, Aug 07, 2024

Fortis Healthcare reports a 40% increase in consolidated profit after tax to Rs 174 crore for Q1 FY24, driven by strong hospital business performance. Revenue rose to Rs 1,859 crore. The company plans to add nearly 700 beds this fiscal year and is exploring growth opportunities despite a lower performance in its diagnostics business.

Fortis lines up Rs 1,300 crore capex to expand existing hospitals

Fortis lines up Rs 1,300 crore capex to expand existing hospitals

Tue, May 28, 2024

He noted that the healthcare provider is looking to add bed capacity at various existing facilities, including hospitals in Faridabad and Anandpur Sahib."At Faridabad, there is space available, and we have planned to further expand..In regard to Anandpur, we have acquired a company with a different land parcel.

This multi-bagger hospital stock hits new high; it is expected to rise another 17%

This multi-bagger hospital stock hits new high; it is expected to rise another 17%

Mon, Jan 01, 2024

Stock market today, stock market news, buzzing stocks: On the last trading day of CY23, the stock ended over 3 per cent higher at Rs 419.2 per share on the NSE.

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Reliance Communications, Fortis Healthcare among top five stocks hogging limelight today

Reliance Communications, Fortis Healthcare among top five stocks hogging limelight today

Thu, Jul 19, 2018

Daiichi Sankyo has approached the Delhi high court to block the $1 billion sale of Fortis Healthcare to Malaysian group IHH Bhd. Daiichi has enforced an arbitration award to recover Rs 3500 crore from the promoters. Fortis Healthcare has, meanwhile, said Daiichi's statement is baseless.

Malaysia's IHH buys Fortis Healthcare for $1.1 billion

Malaysia's IHH buys Fortis Healthcare for $1.1 billion

Fri, Jul 13, 2018

Cash-strapped Fortis said on Friday it accepted a 40 billion rupees ($585 million) offer from IHH for a 31 percent stake, capping a months-long bidding war for control of the Indian firm that drew interest from domestic and international suitors.

Top 5 stocks in focus on July 13: Fortis, IDBI to Cadila, here are the 5 newsmakers of the day

Top 5 stocks in focus on July 13: Fortis, IDBI to Cadila, here are the 5 newsmakers of the day

Fri, Jul 13, 2018

Sensex on Thursday touched an all-time high by crossing the mark of 36,500. On the same day, there were certain stocks, Fortis, HCL to Tata Steel, that came into news and will have a positive or negative effect on the market on Friday, .i.e. on July 13, 2018.

IHH Healthcare wins race for Fortis Healthcare, to invest Rs 4,000 crore

IHH Healthcare wins race for Fortis Healthcare, to invest Rs 4,000 crore

Fri, Jul 13, 2018

Fortis Healthcare on July 3 received two binding proposals from IHH and TPG-Manipal consortium but Munjals-Burmans combines, which had earlier become the preferred bidder, and Radiant Life Care had backed out.

Fortis Healthcare, HCL Tech among top five stocks hogging limelight today

Fortis Healthcare, HCL Tech among top five stocks hogging limelight today

Fri, Jul 13, 2018

HCL Tech: Indian IT company HCL Technologies today said its board has approved up to Rs 4,000 crore buyback plan, involving up to 3.63 crore shares at a price of Rs 1,100 per equity share. The buyback price translates into a 9.4 per cent premium over Thursday's closing price of HCL Tech shares.

Has Fortis Healthcare finally found a buyer? Surge in share price suggests so

Has Fortis Healthcare finally found a buyer? Surge in share price suggests so

Mon, Jul 09, 2018

Fortis on Saturday reported no change in the audited financial statements from the unaudited one and said that it is currently in the process of evaluating the bids for investment into the company.

Maruti Suzuki, Fortis Healthcare among top five stocks in focus today

Maruti Suzuki, Fortis Healthcare among top five stocks in focus today

Mon, Jul 09, 2018

Tata Steel: As part of the restructuring process of its loss-making European operations, Tata Steel has recently signed a definitive agreement (non-cash deal) with thyssenkrupp AG (tk) to form a 50:50 joint venture (JV).

Fortis Healthcare Board receives 'Binding Bids'; here are the details

Fortis Healthcare Board receives 'Binding Bids'; here are the details

Wed, Jul 04, 2018

FHL had earlier said that it will consider the bids of four suitors -- Hero Enterprise Investment Office and Burman Family Office, IHH Healthcare Berhand, Radiant Life Care and TPG Asia and Manipal Health Enterprises -- in the new transaction process.

Kotak Mahindra Bank, Fortis Healthcare among 8 stocks in focus today

Kotak Mahindra Bank, Fortis Healthcare among 8 stocks in focus today

Wed, Jul 04, 2018

Kotak Mahindra Bank: Kotak Mahindra Bank sold 1.70 lakh shares or 0.6 per cent stake of its stake at Rs 324 per share.

Munjal-Burman out of bidding for Fortis Healthcare; Manipal-TPG files fresh bids

Munjal-Burman out of bidding for Fortis Healthcare; Manipal-TPG files fresh bids

Tue, Jul 03, 2018

There is a new turn in the Fortis Healthcare bidding process, as Sunil Kant Munjal of Hero Enterprises and the Burman family of the Dabur group reportedly have backed out of the deal after months of talks

Titan, ICICI Bank among 8 stocks hogging limelight in Friday's trade

Titan, ICICI Bank among 8 stocks hogging limelight in Friday's trade

Fri, Jun 29, 2018

Stocks on Wall Street posted small gains on Thursday, helped by financial and technology shares, but broader market sentiment remained subdued on lingering concerns over U.S.-driven trade tensions.

Fortis Healthcare probe finds systemic lapses, moves to recover Rs 500 cr from Singh brothers

Fortis Healthcare probe finds systemic lapses, moves to recover Rs 500 cr from Singh brothers

Thu, Jun 28, 2018

The board of Fortis, which is embroiled in a takeover battle, also annulled September 2016 appointment of Malvinder Singh as 'Lead: Strategic Initiatives' and will seek to recover payments made to him in that role as well as any company asset in his possession. Singh brothers had resigned as directors from Fortis board in February this year following the Delhi High Court order upholding the Rs 3,500 crore arbitral award in favour of Daiichi Sankyo.

Fortis Healthcare finally reports March quarter earnings; stock rallies 3%

Fortis Healthcare finally reports March quarter earnings; stock rallies 3%

Wed, Jun 27, 2018

Fortis Healthcare, which delayed reporting results for the quarter as it completed an internal probe, said the goodwill impairment charges and write-offs were related to inter-corporate deposits and advances.

Big setback for Fortis Healthcare; here is what has happened now

Big setback for Fortis Healthcare; here is what has happened now

Wed, Jun 27, 2018

The Board, which met on June 25 for considering results, reconvened on Tuesday. “This is to inform that the Board of Directors of the company held a meeting on June 25, 2018, for considering the standalone and consolidated annual accounts for 2017-18 along with the financial results for the quarter and period ended March 31, 2018.

Top 5 stocks in focus on June 27: Fortis, SBI to Infosys, check out the newsmakers today

Top 5 stocks in focus on June 27: Fortis, SBI to Infosys, check out the newsmakers today

Wed, Jun 27, 2018

The Indian stock markets closed flat on Tuesday after opening in red, but there were certain stocks that made news on the day. The reflections of the causes for being in news can be seen during the trade on June 27, 2018. Here are the stocks concerned:

IDBI Bank, Fortis Healthcare among five stocks hogging limelight today

IDBI Bank, Fortis Healthcare among five stocks hogging limelight today

Wed, Jun 27, 2018

MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.05 percent after touching a two-year trough on Tuesday. Markets have been pressured by sharp losses in China, where blue chips .CSI300 were near 13-month lows.

ICICI Bank, Fortis Healthcare, Jet Airways among 8 stocks buzzing in trade today

ICICI Bank, Fortis Healthcare, Jet Airways among 8 stocks buzzing in trade today

Mon, Jun 25, 2018

Stocks in focus today: IOC, BPCL and HPCL will remain in focus as OPEC has decided to increase oil output in its meeting held last week. Higher global output will help reduce petrol, diesel prices back home. Saudi had proposed to expand output by 10 lakh barrel per day.

NCLT allows Fortis to withdraw amalgamation scheme

NCLT allows Fortis to withdraw amalgamation scheme

Sat, Jun 16, 2018

Fortis Healthcare today said National Company Law Tribunal (NCLT) bench in Chandigarh has approved the withdrawal of the scheme of amalgamation between Fortis Malar Hospitals and SRL

Fortis withdraws "arrangement and amalgamation" scheme

Fortis withdraws "arrangement and amalgamation" scheme

Fri, Jun 15, 2018

The company cited delays in the process as one of the reasons to withdraw the scheme. FHL said the entire process was expected to be completed in 6-8 months, however, due to reasons beyond its control, the process has taken over 19 months and is still not complete.

Fortis scraps SRL, Fortis Malar merger scheme

Fortis scraps SRL, Fortis Malar merger scheme

Thu, Jun 14, 2018

"The entire process was expected to take 6-8 months, however, due to reasons beyond the company's control, the process has taken over 19 months and is still not complete," Fortis Healthcare said in a late night filing on Wednesday.

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