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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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TPG offer for Fortis Healthcare too low; here is why

TPG offer for Fortis Healthcare too low; here is why

Tue, Apr 03, 2018

Sources tracking the deal told DNA Money that as per the deal, the value of Fortis comes to around Rs 135 per share as against close to Rs 200 initially pegged at a few months ago.

Manipal in deal to buy Fortis hospitals, set to face Fortis shareholder ire

Manipal in deal to buy Fortis hospitals, set to face Fortis shareholder ire

Wed, Mar 28, 2018

Fortis Chief Executive Bhavdeep Singh said the deal would be worth 150 billion Indian rupees ($2.3 billion), according to the estimated value of both firms and the cash involved. He did not give a breakdown of the cash and equity portions of the deal. But shares in Fortis slid on Wednesday, giving the company a market value of just 62.83 billion Indian rupees ($965 million) as investors expressed their unhappiness with the terms of the transaction.

Sensex live today: BJP win in Northeast fails to lift spirits; index dips 250 points

Mon, Mar 05, 2018

Sensex live today: The benchmark indices extended losses for the fourth straight session on Monday, tracking negative trend in Asian markets, which hovered near 2-1/2 week lows as investors worried a US-led trade war could derail economic momentum around the world.

Fortis Healthcare case: SFIO shoots off notice to company, demands more documents

Fortis Healthcare case: SFIO shoots off notice to company, demands more documents

Sun, Mar 04, 2018

Fortis Healthcare has received a notice from Serious Fraud Investigation Office, Ministry of Corporate Affairs seeking certain information and documents as mentioned therein to be submitted by March 9, 2018

Fortis to launch probe into alleged siphoning of cash by Malvinder Singh, Shivinder Singh

Fortis to launch probe into alleged siphoning of cash by Malvinder Singh, Shivinder Singh

Thu, Mar 01, 2018

Fortis Healthcare today said it will hire an external legal firm to carry out investigation into alleged siphoning of cash by the firm's promoters, Malvinder Singh and Shivinder Singh. The duo, who last month resigned from the board of the company, are alleged to have taken Rs 473 crore out of th

Fortis Health, Rolta among key trading calls for Tuesday's trade

Fortis Health, Rolta among key trading calls for Tuesday's trade

Tue, Feb 20, 2018

The domestic market is expected to open lower on Tuesday, tracking negative trend in Asian markets, which stalled their recent recovery after European equities broke a winning streak, while the dollar edged up to pull further away from three-year lows.

Fortis Healthcare yet to declare Q2, Q3 earnings; seeks another 15-day extension

Fortis Healthcare yet to declare Q2, Q3 earnings; seeks another 15-day extension

Wed, Feb 14, 2018

Fortis Healthcare, India's second-largest hospital chain, has sought a 15-day extension to declare earnings for the second and third quarter of the current financial year citing statutory auditors' inability to complete the audit before the stipulated board meeting.

Fortis seeks 15-day extension to declare Q2, Q3 results

Fortis seeks 15-day extension to declare Q2, Q3 results

Tue, Feb 13, 2018

Fortis said it has paid a fine of Rs 65.98 lakh to stock exchanges for non-submission of un-audited financial results for the quarter ended September 30, 2017

Fortis inks pact to acquire portfolio of RHT Health Trust

Fortis inks pact to acquire portfolio of RHT Health Trust

Tue, Feb 13, 2018

The assets to be acquired include 12 clinical establishments, four greenfield establishment and two operating hospitals

Icra downgrades Fortis Healthcare rating

Icra downgrades Fortis Healthcare rating

Sat, Feb 10, 2018

Ratings continue to be on watch with negative implications, says the ratings agency

Fortis Healthcare shares soar 24.5% on merger buzz

Fortis Healthcare shares soar 24.5% on merger buzz

Fri, Feb 09, 2018

BSE has sought clarification from Fortis Healthcare with reference to reports that Manipal hospital is in advanced talks to merge Fortis Health with itself.

Fortis Healthcare bucks trend, spikes 24% after Singh brothers resign

Fortis Healthcare bucks trend, spikes 24% after Singh brothers resign

Fri, Feb 09, 2018

Shares of Fortis Healthcare rallied a whopping 24 per cent in an otherwise weak market after the company's promoters Malvinder Mohan Singh and Shivinder Mohan Singh resigned as directors from the company's board following the Delhi High Court order upholding the Rs 3,500 crore arbitral award in f

Fortis Healthcare promoters Malvinder Mohan Singh, Shivinder Singh resign from board

Fortis Healthcare promoters Malvinder Mohan Singh, Shivinder Singh resign from board

Thu, Feb 08, 2018

The Singh brothers have jointly tendered their resignation to the Board of Fortis Healthcare, which will discuss it in the meeting on February 13, the company said in a filing to the BSE.

Fortis board clears RHT portfolio acquisition for Rs 4,650 crore

Fortis board clears RHT portfolio acquisition for Rs 4,650 crore

Wed, Nov 15, 2017

Fortis Healthcare board has approved the proposed acquisition of entire portfolio of Singapore-listed RHT Health Trust (RHT) for an enterprise value of around Rs 4,650 crore, the company said today.

Yes Bank will give Rs 225 crore loan to Fortis Hospitals

Yes Bank will give Rs 225 crore loan to Fortis Hospitals

Fri, Sep 30, 2016

Fortis Healthcare being the holding company will be giving its corporate guarantee on behalf of Fortis Hospital securing the payment principle and interest thereon.

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