Mumbai: Private lender Yes Bank on Tuesday announced it has acquired more than 17 per cent share in Fortis Healthcare, making the bank the largest shareholder in the healthcare major.
The acquired shares amounted to 17.31 percent of the total diluted share capital of the company with a similar amount of voting rights, the filing added. The move comes after the Supreme Court ordered that financial institutions holding pledged shares of Fortis Healthcare are free to sell them amid the company's mounting troubles.
The acquisition of Fortis's stock in small quantities will strengthen their position if they have to make an open offer for the target company's shares from the public. IHH, it may be recalled, had walked out of bilateral negotiations with promoters Malvinder and Shivinder Singh who were in control of Fortis then.
Fortis Healthcare is in the midst of a takeover battle, while there have been reports that worldwide private equity major TPG-backed Manipal Hospitals is in advanced talks to merge Fortis with itself.
Malaysia-based IHH Healthcare Berhad is all set to give a voluntary open offer sometime soon to buy the non-promoter shares of Fortis Healthcare Ltd. Fortis Healthcare now has a market capitalization of Rs7,908 crore and liabilities of Rs3,406 crore against revenue of Rs4,573 crore in FY17, according to its audited financial results. "We will update the market if there are any material developments".
Obama's picks aren't too shocking, but he does have five of the eight SEC men's teams winning their first-round games. The 28-5 Aggies are 5-point underdogs as of Wednesday to the 23-9 Tigers of the Atlantic Coast Conference.
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Last season Detroit's Matt Stafford became the highest paid signal-caller in the league when he signed a $135 million deal. But his production declined last season with Rodgers sidelined much of the year by a collarbone injury.
It improved, as 32 investors sold SIG shares while 132 reduced holdings. 61 funds opened positions while 66 raised stakes. On Friday, February 16 DiDonato Thomas A sold $4.07 million worth of Lear Corporation (NYSE:LEA) or 21,415 shares.
The average time of a nine-inning game in the minor leagues dropped from 2 hours, 49 minutes in 2014 to 2:43 the following year. But a team without any mound visits left may ask the plate umpire for additional trips to deal with crossed-up pitch signals.
Dhoni is a family man and often shares his pictures and cutesy videos with family making us weak in the knees. Dhoni last played for India during the South Africa tour in which he was part of the ODI and T20I squad.
Range Rover says the SVR used in the challenge was a stock example, and that Barone's Ferrari was "modified". Helping to set the record was the SVR's 5.0-litre supercharged V8 engine that produces 423kW and 700Nm.
Standing outside Heimbach's home, the officer said she heard Heimbach raise his voice at his wife, then she heard scuffling. Parrott grabbed his other daughter and took off, calling cops from a Walmart parking lot in Paoli, the arrest warrant says.
"In the USA we had the "bomb cyclone" in January, followed by July-like warm weather in February that I'd never seen before". Experts from the USA researched the issue of climate change in the Arctic and estimated its impact on the United States.
TVS Motor launches new Apache 160 4V at Rs 81490
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United Airlines Allegedly Involved In Another Dog Mishap
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Do you still use 1p and 2p coins?
The document also notes that people associate the £50 note with money laundering, tax evasion, and criminal activity. The Treasury document states the UK's highest-value note is "believed to be rarely used for routine purchases".
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