Fortis Healthcare Shares Tank Nearly 9% as Integrated Healthcare Pulls Out Of Acquisition

Shares of Fortis Healthcare Ltd tumbled nearly 9% on Friday, posting the biggest intraday percentage loss in over seven months after Malaysia’s Integrated Healthcare Holdings pulled out of talks to buy a controlling stake in Malvinder Singh and Shivinder Singh’s company.

Integrated Healthcare Holdings on Thursday said in a filing to Singapore and Malaysian stock exchanges that it is not engaged in any negotiations in India currently. The stock of Fortis Healthcare Ltd was down 8.84% at Rs 180.4 on NSE at 9:40 am.For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774