Fortis Healthcare - EMAAR MGF JV

Fortis Healthcare Ltd has informed that the Company is exploring possibilities of Joint Venture with Emaar MGF Land Ltd, for setting up of Hospitals

Fortis Healthcare Malar Hospitals Update

Ambit Corporate Finance Pvt Ltd ("Manager to the Offer") on behalf of International Hospital Ltd, Oscar Investments Ltd ("Acquirers"), Fortis Healthcare Ltd & Fortis Healthcare Holdings Ltd ("Person Acting in Concert" / "PACs") has issued this Corrigendum to the Public Announcement to the Equity Shareholders of Malar Hospitals Ltd ("Target Company"), which is in continuation of, and should be read in conjunction with, the Public Announcement ("PA") dated September 12, 2007.

The shareholders may please note the following:

In terms of regulation 18(1) of the SEBI Takeover Code, the draft Letter of Offer has been submitted to SEBI on September 26, 2007. The original schedule of activity as disclosed in the public Announcement is delayed and the revised schedule of activity will be announced on receipt of the observations from SEBI in terms of proviso to Regulation 18(2) of the SEBI takeover Code.

Citigroup - Fortis Healthcare

Citigroup recommends a BUY on Fortis Healthcare

Target price of Rs 100

DLF, Fortis to invest Rs 3,000cr for 15 hospitals

Real estate giant DLF and Ranbaxy promoter group company Fortis Healthcare have entered into an agreement to set up 15 hospitals at an investment of Rs 3,000 crore.

DLF and Fortis have signed an alliance agreement to develop about 15 'Centre of Excellence' hospitals in townships being developed by DLF in the first five years, industry sources said.


Under the agreement, the two companies could form a joint venture for the hospital projects. The healthcare firm may hold 74% stake, while the rest would lie with the realty major.

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