Fortis Healthcare Board approves Rights Issue
By TMI | December 24, 2008
Fortis Healthcare Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 24, 2008, inter alia, has approved the following :
1. To raise funds by way of issue of Equity Shares with warrants on right basis aggregating to Rs 1000 Crores (excluding the value of warrants, as and when exercised). The Board has also constituted a committee and delegated the necessary powers to the Committee to decide about the modalities of right issue.
2. To Increase the Authorised Share Capital of the Company from Rs 400,00,00,000 (Rupees Four Hundred Crores) to Rs 678,00,00,000 (Rupees Six Hundred Seventy Eight Crores) by addition of 27,80,00,000 (Twenty Seven Crores Eighty Lacs) Equity Shares of Rs 10 (Rupees Ten) each aggregating to Rs 278,00,00,000 (Rupees Two Hundred Seventy Eight Crores).
Stock is currently trading marginaly high with gain of 0.23%.
Topics: Corporate Actions |
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