Fortis Healthcare trims losses, stock down 1% after falling 13% intraday
SOCK MARKET - Fortis Healthcare trimmed most of its losses and was down 1% after hitting 30-month low of Rs 126, down 13% on the National Stock Exchange (NSE) in intra-day trade, on the back of heavy volumes. The stock was trading at its lowest level since February 11, 2015. The trading volumes on the counter more than doubled with a combined 19.15 million equity shares 3.7% of total equity of Fortis Healthcare exchanging hands on the NSE and BSE till 10:20 am. On August 14, Fortis Healthcare had informed the stock exchanges that, Fortis Healthcare Holdings Private Limited, the promoter of the company, sold 5.46 million (1.05%) equity shares on August 10, through off-market. Due to sale from July 25, 2017 to August 10, 2017, the cumulative shareholding of Fortis Healthcare Holdings, has been reduced by 2% accordingly, this disclosure has been made, it added.