Singh brothers shed 25% Fortis stake in six months

IFC, Amansa, Birla Sunlife among institutional holders who have picked stake

N Sundaresha Subramanian  |  New Delhi 

The promoters of hospital chain Fortis Healthcare have quietly reduced their stake by almost 25 per cent in small tranches over the past six months, even as talk of a large stake sale keeps floating. Malvinder Mohan Singh and Shivinder Mohan Singh have reduced their stake, held through investment firms, to 42.96 per cent from 67.6 per cent at the end of December, when media reports of a proposed stake sale first surfaced.  This is the lowest level of shares held by the promoters since the company listed a little over 10 years ago. The holding was as high as 81.47 per ...

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