Fortis Healthcare, a healthcare division promoted by Ranbaxy, has hit the Dalal Street. With a network of 12 hospitals in northern terrain, its IPO will raise about Rs.5.04 billion and have a fixed price band of Rs.92 to Rs.110. The issue closes on April 20,2007 and is being made through 100% book building process. The proceeds are intended to write off debts that it had accrued while picking up a 90% stake in Escorts Heart Institute & Research Centre Ltd. in 2005 along with financing its expansion plans. JM Morgan Stanley, Citigroup Global Markets and Kotak Mahindra Capital are the lead managers of the IPO.
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Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
Also Read the Following Websites:-
www.pankajnegi.wordpress.com/2006/09/09/iipm-websites
www.goarticles.com/cgi-bin/showa.cgi?C=271567
www.managementschool.blogmatrix.com/:entry:managementschool-2006-12-01-0003
www.slury.com/story/story-about-iipm-indian-institute-planning-management
www.joeuser.com/Articles.asp?AID=129532
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www.iipmfaculty.com
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