Fortis eyes $400m trust IPO in Singapore: Religare Health Trust is set to launch an up to $400 million initial p...

Fortis eyes up to $400 million trust IPO in Singapore: Source - The Times of India

timesofindia.indiatimes.com 23 Aug '12, 1pm

Fortis eyes $400m trust IPO in Singapore: Religare Health Trust is set to launch an up to $400 million initial p...

is set to launch an up to $400 million initial public offering in Singapore, a source said, in a move that will allow the backer of the trust, Indian hospitals group Fortis Healthcare (FOHE.NS), to cut its substantial debt level. The trust, which will own assets managed by Fortis, plans to begin premarketing of the IPO in early September, said the source who had direct knowledge of the deal. The IPO will be structured as a business trust and will offer a minimum yield of 8.5 percent to investors, the source said. Listing has been planned for end-September. This will be the third biggest IPO in Singapore this year after the dual listing of IHH Healthcare (IHHH.SI) in a $2.1 billion deal and Far East Hospitality Trust, which raised $575 million in an IPO last week. Fortis is India's No. 2 hospitals operator after Apollo Hospitals Enterprise (APLH.NS). It had consolidated net...

Full article: http://timesofindia.indiatimes.com/business/india-busines...

Tweets

@AmritChhetriB » 23 Aug '12, 6pm
Business Updates: Fortis eyes $400m trust IPO in Singapore - Religare Health Trust is set to launch an up to $400 mi... [link]
@24HOfNews » 23 Aug '12, 2pm
Fortis eyes $400m trust IPO in Singapore [link] Religare Health Trust is set to launch an up to $400 million initial public...
@indiabiznet » 23 Aug '12, 2pm
Fortis eyes up to $400 million trust IPO in Singapore: Source - Times of India [link] #IndiaBusiness
@midpannonian » 23 Aug '12, 1pm
Fortis eyes up to $400 million trust #IPO in Singapore: Source [link]
@NewsBasket » 23 Aug '12, 1pm
The Times Of India : Fortis eyes $400m trust IPO in Singapore: Religare Health Trust is set to launch an up to $... [link]
@iSandy44 » 23 Aug '12, 1pm
TOI Fortis eyes $400m trust IPO in Singapore: Religare Health Trust is set to launch an up to $400 million initi... [link]
@shrispy24 » 23 Aug '12, 1pm
Fortis eyes $400m trust IPO in Singapore: Religare Health Trust is set to launch an up to $400 million initial p... [link]
@BusinessNews13 » 23 Aug '12, 1pm
#india #news Fortis eyes $400m trust IPO in Singapore [link]
@BusinessNews8 » 23 Aug '12, 1pm
#india #business Fortis eyes $400m trust IPO in Singapore [link]
@OnlyStockTips » 23 Aug '12, 3pm
Fortis eyes $400m trust IPO in Singapore [link]
@ergoinfo » 23 Aug '12, 2pm
India Times - Fortis eyes $400m trust IPO in Singapore - [link]
@TOIBusinessNews » 23 Aug '12, 2pm
Fortis eyes $400m trust IPO in Singapore [link]
@afjiruwala » 23 Aug '12, 1pm
Fortis eyes $400m trust IPO in Singapore: Religare Health Trust is set to launch an up to $400 million initial p... [link]
@India_Portugal » 23 Aug '12, 1pm
Fortis eyes $400m trust IPO in Singapore: Religare Health Trust is set to launch an up to $400 million initial p... [link]
@LatestBusiness1 » 23 Aug '12, 1pm
#India #news Fortis eyes $400m trust IPO in Singapore [link]
@BusinessNews14 » 23 Aug '12, 1pm
#India #news Fortis eyes $400m trust IPO in Singapore [link]
@OnlineBusines19 » 23 Aug '12, 1pm
#india #news Fortis eyes $400m trust IPO in Singapore [link]