After selling its entire stake in hospital chain Parkway Holdings for about Rs. 3,800 crore, domestic healthcare major Fortis on Monday said it plans to list the firm on the Singapore Stock Exchange.
“Singapore will continue to be our hub for Asian operations and it will be our regional headquarters... We are evaluating listing of Fortis in Singapore,” Fortis Healthcare Managing Director Shivinder Singh told reporters here.
Fortis today agreed to sell its 25.37 per cent stake to Malaysia’s Khazanah for about Rs. 3,800 crore, ending a nearly two-month long battle for control over Parkway. Khazanah had offered to fully acquire Parkway at an increased price of about $2.5 billion.
Mr. Singh said Fortis will continue to be listed on the domestic bourses and hence will go for a dual listing (in case of a Singapore listing).
“We plan to have a pan-Asia presence and for that, we will go for the secondary listing. It can be either in the form of REIT or complete listing,” Mr. Singh said.
