Healthcare

Fortis Healthcare unit SRL Diagnostics likely to be listed next year: report

Updated : November 26, 2018 09:10 AM IST

Malaysia's IHH Healthcare Bhd is planning to take the brand to foreign markets in the medium to long term, unidentified sources told the newspaper.

IHH is infusing an additional Rs 2,000 crore to meet the financial requirements of the healthcare group, the report said.

Fortis Healthcare arm SRL Diagnostics may be listed on the stock exchanges next year, Business Standard reported.

Malaysia's IHH Healthcare Bhd, the buyer of Fortis Healthcare and which is currently in the process of taking over SRL, is planning to take the brand to foreign markets in the medium to long term, unidentified sources told the newspaper.

IHH is infusing an additional Rs 2,000 crore to meet the financial requirements of the healthcare group, the report said. It has already infused Rs 40 billion as part of an earlier deal.

According to the report, plans of demerging SRL from Fortis are afloat, post which the arm will be listed in the exchanges. The report said that the process can take almost a year.

Have you signed up for Primo, our daily newsletter? It has all the stories and data on the market, business, economy and tech that you need to know.

Fortis Healthcare unit SRL Diagnostics likely to be listed next year: report

You May Also Like

PI Industries fixes QIP issue price at Rs 1,470 per share

China Aug dollar-denominated exports fall 2.8% on year, imports up 1.5%

SBI to invest upto Rs 1,760 crore in YES Bank's upcoming FPO

Trending on CNBC-TV18

recommended for you