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.
TVS Motor launches new Apache 160 4V at Rs 81490
The TVS Apache RTR 160 4V series is available in three stunning colours, namely, Racing Red, Metallic Blue and Knight Black. It is the most powerful 160cc motorcycle in India and embodies the latest racing technology with best-in-class performance.
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".
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.
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.
It turned negative, as 16 investors sold HIW shares while 67 reduced holdings. 103 funds opened positions while 495 raised stakes. The financial services provider reported $0.97 EPS for the quarter, missing the Zacks' consensus estimate of $1.04 by ($0.07).
Lowe Brockenbrough And Incorporated holds 1.42% of its portfolio in General Electric Company (NYSE:GE) for 383,787 shares. The company reported the earnings of $0.27/Share in the last quarter where the estimated EPS by analysts was $0.29/share.
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".
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.
"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.
Four analysts have made estimates for Exxon Mobil's earnings, with estimates ranging from $66.15 billion to $86.62 billion. Texas Permanent School Fund holds 1.24% of its portfolio in Exxon Mobil Corporation (NYSE: XOM ) for 1.17 million shares.
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.
United Airlines Allegedly Involved In Another Dog Mishap
The airline paid for Swindle and her family to stay in a Kansas City hotel Tuesday night while the mix-up was sorted out. Apparently, it was the great dane, not Irgo the German shepherd, that was supposed to be sent to Japan.
Karachi set to host Pakistan-West Indies T20Is
Following this, the playoffs and the finals of the on-going PSL 3 have been shifted to Lahore and Karachi from the UAE. The West Indies are the reigning World Twenty20 champions, after winning the title in India in 2016.
Wilke Sells 2000 Shares of Amazon.com, Inc. (AMZN) Stock
Cibc Asset Management Inc decreased Ishares Inc (EWC) stake by 13,401 shares to 132,523 valued at $3.84 million in 2017Q3. It fall, as 73 investors sold AMZN shares while 549 reduced holdings. 127 funds opened positions while 657 raised stakes.
Zara owner Inditex's full-year profit up 7%
The company said current trading was up 9 per cent in the run-up to the crucial Easter trading period. The Spanish company has invested in technology to merge online and store experiences.
Watch MS Dhoni have fun with family
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.
Help Workers Without a Trade War
Trump has also criticized China's currency manipulations, which increase costs of American goods and services by 25 to 40 percent. Stated differently, the USA can't harm the Canadian economy without simultaneously shooting itself in the foot.
Nigel Bradham re-signs with Eagles
He continued to come up big in the postseason, where he had 15 total tackles and a sack in three games. The signing could potentially spell the end of Mychal Kendricks' time with the Eagles.