India: Fortis in talks to raise capital as part of founders' stake sale

India: Fortis in talks to raise capital as part of founders' stake sale

(L-R) Malvinder Singh Chairperson of Fortis Group and Managing Director of Fortis Health Care Shivinder Singh at the launch of Little Hearts Programme. Photo: Bloomberg/Getty

Fortis Healthcare Ltd. is seeking a cash injection of as much as $790 million as part of its billionaire founders’ talks to sell their stake in India’s second-largest private hospital chain.

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