Fortis Healthcare to buy Religare

Q.  Fortis Healthcare has set out to purchase which company for USD 14.9 million through a share purchase agreement?
- Published on 27 Nov 15

a. Religare Health Trust Trustee Manager
b. Max Healthcare
c. Apollo Hospitals
d. None of the above

ANSWER: Religare Health Trust Trustee Manager
 
Fortis Healthcare through step down subsidiary Stellant Capital Advisory Services has entered into Share Purchase Agreement with Relier Health Trust Trustee Manager, a Singapore based company. Fortis will acquire 100 percent stake for USD 14.9 million. The transaction is subject to approval by regulatory authorities.

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