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| Exchange Received Time 23/02/2018 21:06:34 Exchange Disseminated Time 23/02/2018 21:06:39 Time Taken 00:00:05 | In continuation to our letter dated August 18, 2018, vide which it was informed that Fortis Cancer Care Limited ('FCCL'), a step down subsidiary of the Company had entered into a memorandum of understanding ('MoU') with Lalitha Healthcare Private Limited ('LHPL'), another step down subsidiary of the Company, Dr. Lakshmi Narayana Raju, Ms. Lakshmi Priya, Mr. S. Venkataramana Raju (collectively the 'Promoters of LHPL') and Anikrish Hospitals Private Limited, for, inter alia, sale of the entire shareholding held by FCCL, representing 79.43% of the total issued and paid up equity share capital of LHPL, to the Promoters of LHPL ('Proposed Transaction').
It is hereby informed that the Parties to the MOU had yesterday agreed, to extend the Long Stop Date with effect from February 17, 2018 for 6 (Six) Months i.e. till August 16, 2018.
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