YES Bank sells 2% in Fortis Health
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.