fortis healthcare

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.

The Indian hospital operator agrees to sell its shares in Parkway to IHH and abandons its own bid for the Singapore-listed healthcare provider after the Khazanah subsidiary raises its offer and says it is now willing to buy all the outstanding shares.

Fortis Healthcare, the hospital business promoted by the Singh family which previously also owned Ranbaxy, spends $187 million to acquire 10 hospitals from Wockhardt.