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Fortis Healthcare’s, promoter and promoter group’s holding has decreased to 5.87% from 8.85%, due to invocation of pledged shares.
In a regulatory filing the company said that, approx 1.54 crore pledged shares of the company, accounting for 2.98% stake in the company, have been invoked on February 17, 2018.
Further, on February 15, a bench of Justices Ranjan Gogoi and R Banumathi had clarified its earlier status quo order and said that the shares of Fortis Healthcare Limited encumbered by Fortis Healthcare Holding Pvt Ltd with the financial institutions (FIs) can be sold, traded or transferred.
