June 27, 2018 / 4:28 AM / in 5 months

BUZZ-India's Fortis Healthcare reverses course after falling to 12-week low

** Shares of Fortis Healthcare Ltd, which is embroiled in a takeover battle, recover session’s early losses

** Stock fell nearly 4 pct at start of the session to 129.2 rupees, lowest since April 5, before recovering; as of 0410 GMT, shares were up 0.5 pct

** Fortis Healthcare’s loss for the March quarter ballooned to 9.32 bln rupees ($136.1 mln) on impairment charges

** More than 3.7 mln shares change hands, compared with 30-day moving avg of 2.1 mln

** Stock had fallen 16 pct this year, up to Tuesday’s close ($1 = 68.4600 Indian rupees)

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