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S&P
BSE SENSEX
73,651.35
+655.04
+0.90 %
Corporate Announcement
Security Code
532843
Company
Fortis Healthcare Ltd
Exchange Received Time
16/01/2018 12:41:28
Exchange Disseminated Time
16/01/2018 12:41:31
Time Taken
00:00:03
Updates on Acquisition |
1/16/2018 12:41:28 PM
Dear Sir(s),
With reference to our previous disclosure made vide letter reference no. FHL/SEC/STEX/RR/2017-18 dated January 13, 2018, wherein, it was informed that in relation to the proposed acquisition by the Company and/or its subsidiaries of the equity and financial securities, in the relevant Indian entities under RHT Health Trust, the parties to the Term Sheet have mutually agreed to extend the Exclusivity Period from January 12, 2018. This is in order to facilitate the continued negotiations and finalisation of the Definitive Agreements in relation to the Proposed Transaction.
It is hereby informed that inadvertently, there is a typographical error in the said disclosure. The Exclusivity Period has been actually extended by 31 days instead of 30 days as mentioned in the last disclosure. Rest of the terms as mentioned in the disclosure remains the same.
The error is highly regretted.
We will keep the stock exchanges informed about any further updates in this regard.
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