/ Fortis Healthcare Jumps 4% On Buzz Of SRL Diagnostics Listing ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 28 June 2017

Fortis Healthcare rallied nearly 4% during Wednesday’s trading session as markets buzz suggested that its diagnostic arm may list on the bourses.

A business news agency reported that as a part of its scheme of demerger from their parent Fortis Healthcare, India’s largest diagnostic chain, SRL Diagnostics is likely to be listed on Indian bourses by August.

According to reports, the next hearing on the demerger plan in the National Company Law Tribunal (NCLT) has been scheduled for June 29, after five hearings till date.

Brothers Shivinder and Malvinder Singh, promoter of the company initiated a major corporate restructuring in August 2016.

SRL was spun off from Fortis to merge into its existing listed subsidiary Fortis Malar and was renamed SRL Diagnostics.

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