Fortis Healthcare has issued equity shares in a pre-IPO placement to 2 UK-based firms. The company has signed pr-IPO placement agreements for allotment of 1 mn equity shares each to Raj Kumar Bagri and Apurv Bagri of Metdist Group and 2 mn shares to Trinity Capital. The Metdist Group is a global metal trading firm based in London and has a presence in Malaysia, Thailand, China, the UAE and India. Trinity was formed in 2006 to invest in real estate and real estate-related entities in India.
Fortis has already signed two pre-IPO placements, aggregating up to $33.33 mn (about Rs. 150 crores), with Quantum, Blue Ridge Partnership and Blue Ridge Offshore Master.
The equity issued as per pre-IPO placements would be subject to lock-in after the completion of the IPO as per SEBI regulations.
Read the articles in The Economic Times and Business Standard.
Showing posts with label Blue Ridge Offshore Master. Show all posts
Showing posts with label Blue Ridge Offshore Master. Show all posts
Thursday, January 18, 2007
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