Fortis Healthcare Limited
Nippon India Mutual Fund raised its stake in Fortis Healthcare from 2.50% to 2.87%, acquiring 27,40,589 shares. Based on the current share price, the transaction is valued at approximately ₹201.84 Cr.
A leading integrated healthcare service provider operating hospitals, diagnostic centers, and specialty day care facilities across India, Nepal, Dubai, and Sri Lanka. Fortis Health delivers comprehensive medical services through a network of healthcare facilities staffed with experienced medical professionals and supported by advanced technology. The company distinguishes itself through its multi-country presence and vertically integrated approach to healthcare delivery, serving patients across diverse markets and medical specialties.
India's fifth-largest AMC with over Rs 6 lakh crore in AUM, backed by Japan's Nippon Life Insurance which holds majority stake. Formerly Reliance MF, rebranded in 2019 after Nippon's acquisition. Sailesh Raj Bhan has run the equity book for over two decades and is one of India's most experienced active managers. Known for sector rotational calls and a deep research bench.