May 30, 2018 / 4:29 AM / 21 days ago

BUZZ-India's Fortis Healthcare rises; launches new bidding process

** Fortis Healthcare Ltd rises as much as 2.95 pct to 148.20, in its sharpest intraday gain in over a week

** Cash-strapped hospital operator launched new bidding process on Tuesday for its business

** Fortis board is scheduled to meet on Wednesday to approve its March-qtr results

** More than 749,000 shares change hands, compared with 30-day moving avg of 5.7 mln shares

** Up to Tuesday’s close, stock had fallen 10.3 pct this year

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