Post-acquisition, the shareholding of FCCL in LHPL shall be 79.43%.
Fortis Healthcare on Wednesday said its arm Fortis Cancer Care has increased stake in group firm Lalitha Healthcare, thereby taking its overall holding to 79.43%.
Fortis Cancer Care Ltd (FCCL) has increased shareholding in Lalitha Healthcare Pvt Ltd (LHPL) acquiring 98,972 shares (12.2%) of Rs 10 each, Fortis Healthcare said in a BSE filing.
FCCL has acquired these shares worth Rs 9.89 lakh from one of the directors of LHPL.
“Post-acquisition, the shareholding of FCCL in LHPL shall be 6,44,596 equity shares (79.43%) of Rs 10 each,” it added.
The company further said FCCL is also contemplating to sell its entire holding in LHPL, including the newly acquired shares.
LHPL had a turnover of Rs 21.5 crore in the year ended March 31, 2015, and Rs 18.7 crore in the preceding year.
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Source: Business-Standard
