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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Cinemas, Rolls-Royces and rooms so plush they could belong in a five-star hotel: private hospital operators in India are all but rolling out a red carpet to lure affluent locals and tourists to seek medical treatment at their luxe facilities. Full Article | Pictures