Fortis board approves setting up panel to raise funds

Last Updated: Wed, Nov 28, 2012 09:33 hrs

Hospitals chain Fortis Healthcare said late on Tuesday its board had approved the setting up of a committee that would explore various means to raise funds.

The company did not specify the reason for the proposed fund raising and did not reveal the amount to be raised.

Religare Health Trust , managed by Fortis, raised about $418 million through an initial share sale in Singapore last month.

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