MUMBAI Hospitals chain Fortis Healthcare (FOHE.NS) said late on Tuesday its board had approved the setting up of a committee that would explore various means to raise funds.
The company did not specify the reason for the proposed fund raising and did not reveal the amount to be raised.
Religare Health Trust (RELI.SI), managed by Fortis, raised about $418 million through an initial share sale in Singapore last month. (Reporting by Kaustubh Kulkarni; Editing by Subhranshu Sahu)
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India hanged Yakub Memon on Thursday for his role in the country's deadliest bombings, which killed at least 257 people in Mumbai in 1993, after the Supreme Court rejected a desperate overnight plea to delay his execution. Full Article