Fortis stake in Parkway Sold to Khazanah

Fortis Healthcare promoters Malvinder and Shivinder Singh on 26 July 2010 concluded the takeover battle by selling their sell their entire equity in Parkway for around $800 million to Malaysian government’s investment arm Khazanah.

Created On: Oct 9, 2010 16:41 ISTModified On: Mar 23, 2011 05:54 IST

Fortis Healthcare promoters Malvinder and Shivinder Singh on 26 July 2010 concluded the takeover battle by selling their sell their entire equity in Parkway for around $800 million to Malaysian government’s investment arm Khazanah. A 350 crore profit was earned by the Fortis promoters through the deal. The development resulted in Fortis shares closing up 2.93% at Rs 156.30 on BSE.

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