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| Exchange Disseminated Time 15/10/2016 16:11:38 | With reference to the earlier intimation dated February 04, 2016, and Press Release dated same date (the "Press Release"), in connection with the transactions contemplating: (i) acquisition of 51% economic interest in Fortis Hospotel Limited by way of acquiring compulsorily convertible debentures from Fortis Global Healthcare Infrastructure Pte Ltd (ii) acquiring compulsorily convertible preference shares issued by Escort Heart Institute & Research Centre Limited, by one of the Company's wholly owned subsidiary, Fortis Hospitals Limited.
As mentioned in the Press Release, such acquisition transactions were subject to approval of our shareholders, Singapore Exchange Securities Trading Limited and unit holders of RHT Health Trust.
Fortis Healthcare Ltd has now informed BSE that the Company have obtained the aforementioned approvals, wherever required, and have subsequently closed the acquisition transaction referenced in the Company's intimation and the Press Release. |
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