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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It remains to be seen whether Nifty will be able to break the 8,100 mark during October. With major events out of the way, the next trigger will be the Q2 FY16 earnings season which is expected to kick off next week. It is advisable for the investors to continue building their equity portfolio by utilising market volatility as an opportunity, writes Ambareesh Baliga. Full Article