YES Bank sells 2% in For­tis Health

The Hindu Business Line - - MARKET RADAR -

YES Bank has re­duced its stake in For­tis Health­care by around 2 per cent by sell­ing over 1.51 crore shares of the com­pany in var­i­ous tranches, ac­cord­ing to a reg­u­la­tory fil­ing by the health­care firm.

The pri­vate sec­tor lender held 8.76 per cent stake in For­tis Health­care be­fore these trans­ac­tions.

Ac­cord­ing to the fil­ing on the BSE, YES Bank sold 1,51,06,283 eq­uity shares of the com­pany, con­sti­tut­ing 2.0010 per cent of the paid-up share cap­i­tal of For­tis Health­care as on March 31, in var­i­ous tranches, the last be­ing on June 7. The shares were sold in the open mar­ket be­tween De­cem­ber 20, 2018, and June 7, 2019.

Post sale, the bank holds 6.76 per cent stake in the health­care chain. North­ern TK Ven­ture Pte as pro­moter of For­tis Health­care holds 31.17 per cent stake.

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