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 unit SRL Diagnostics likely to be listed next year: report

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.

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