Lenders invokes Fortis shares, promoter stake slips to 0.77%
ETMarkets.com|
Feb 28, 2018, 06.04 PM IST
NEW DELHI: Promoter holding in the troubled healthcare company Fortis has decreased to an all-time low of 0.77 per cent from just 3 per cent a week ago and 34.40 per cent at the end of December 2017.
Fall in the shareholding, including those of Malvinder Mohan Singh and Shivinder Mohan Singh, can be attributed to the invocation of pledged shares by lenders.
In the last few days, some of the financiers for the pledged Fortis shares sold those in the open market.
Share of Fortis Healthcare jumped 2.63 per cent to Rs 159.80 on Wednesday.
Fall in the shareholding, including those of Malvinder Mohan Singh and Shivinder Mohan Singh, can be attributed to the invocation of pledged shares by lenders.
In the last few days, some of the financiers for the pledged Fortis shares sold those in the open market.
Share of Fortis Healthcare jumped 2.63 per cent to Rs 159.80 on Wednesday.
