Friday, Apr 26, 2024 | Last Update : 01:06 PM IST
Fortis shareholders approve acquisition of RHT Health Trust assets
In February, Fortis Healthcare had entered into definitive agreements to acquire entire portfolio of assets.
New Delhi: Fortis Healthcare on Saturday said its shareholders have approved a resolution to acquire assets of RHT Health Trust.
In a regulatory filing, the company said 98.32 per cent of the shareholders who participated in the process voted in favour of the resolution, while 1.67 per cent voted against it.
In February, Fortis Healthcare had entered into definitive agreements to acquire entire portfolio of assets of the Singapore-listed entity for an enterprise value of Rs 4,650 crore.
The assets include 12 clinical establishments, four greenfield establishments and two operating hospitals.
The definitive agreement to acquire all the securities of clinical establishments and businesses indirectly held by RHT follows the approval of Fortis' board in November last year for a major restructuring aimed at consolidating the entire Indian asset portfolio.
