Fortis Healthcare Ltd’s minority investors instead are continuing to have a torrid time with their investments. Analysts say that the higher offer made by IHH Healthcare and their expertise in the healthcare business had made them look like front runners. However, Fortis does have potential, though much depends on how successful the new investor will be at value-unlocking and regaining the business momentum. According to Haitong Securities, the high payouts to the RHT Trust have been crimping Fortis earnings and weighing on valuations. According to an analyst with a domestic broking firm, Fortis has lost substantial ground amid the turbulence at the company.

Source: Mint May 14, 2018 04:18 UTC