The value of the entity resulting from the merger of Fortis Healthcare and Manipal Hospital Enterprises will be Rs 15,000 crore, a top Fortis official said today. "When you look at value of Fortis, when you look at value of Manipal and when you look at money being infused that is Rs 3,900 crore, that adds up to Rs 15,000 crore," Fortis Healthcare CEO Bhavdeep Singh said in a conference call today. The value of the resulting entity thus will be Rs 15,000 crore, he added. Moreover, on February 15, the Supreme Court lifted its stay on sale of shares of Fortis Healthcare Ltd. The Fortis Healthcare stock fell sharply by 13.37 per cent to Rs 123.40 per on BSE.

Source: dna March 28, 2018 17:37 UTC