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  Business   Companies  05 May 2018  Fortis shareholders approve acquisition of RHT Health Trust assets

Fortis shareholders approve acquisition of RHT Health Trust assets

PTI
Published : May 5, 2018, 5:44 pm IST
Updated : May 5, 2018, 5:44 pm IST

In February, Fortis Healthcare had entered into definitive agreements to acquire entire portfolio of assets.

 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.
  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.

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.

Tags: fortis healthcare, shareholders, rht health trust
Location: India, Delhi, New Delhi