Religare Health Trust kicks off $448 million Singapore IPO

The business trust is sponsored by Indian hospital operator Fortis Healthcare and promises a dividend yield of at least 6%. Meanwhile, electronics retailer Courts Asia starts bookbuilding for an IPO of around $100 million.

Religare Health Trust kicks off $448 million Singapore IPO
Fortis Healthcare's colorectal centre in Singapore is the first of its kind in Southeast Asia

Religare Health Trust RHT, a business trust sponsored by India-listed hospital operator Fortis Healthcare, has started bookbuilding for a Singapore initial public offering of up to S$550.4 million $448 million.

The deal could become the second-biggest listing in Singapore this year after Far East Hospitality Trust, which raised $527 million through an IPO in mid-August, and will give Southeast Asia another boost in its quest to beat Hong Kong as the most active...

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