Selling in tango

Fortis Healthcare promoters are unlocking some value on their own

India’s leading healthcare provider, Fortis Healthcare, has witnessed a significant drop in promoter holding. The selling between June 2 and June 12 by promoter entity Fortis Healthcare Holdings has brought down the stake of Malvinder and Shivinder Singh to 46.4%. Overall, between March 2016 and March 2017, there has been a sizeable reduction in the stake of the promoter group, from 71.28% to 52.3%.