India’s Fortis Healthcare said to mull buyout of Singapore-listed RHT Health Trust
Tuesday, March 28, 2017
Fortis Healthcare Ltd, India’s second-largest private hospital chain by market value, is weighing a buyout of the Singapore-listed business trust that owns some of its clinics, people with knowledge of the matter said.
The New Delhi-based company is considering making an offer for all the units it doesn’t already own in RHT Health Trust, which has a market value of S$698 million, according to the people.
RHT Trust requested for a trading halt around 11:14am on Monday after being queried by the Singapore Exchange around 9:12am for unusual price movements in its shares. The stock was up 3.5 cents or 4 per cent to 90 Singapore cents this morning.