28.07.2010 - Fortis exits Parkway, makes $85 mln
From Livemint.com: Brothers Malvinder and Shivinder Mohan Singh withdrew from the battle for Singapore-based healthcare chain Parkway Holdings Ltd, agreeing to sell their 25% stake to Malaysian state fund Khazanah Nasional Bhd for a premium over the price they had bought it for. The Singhs stand to make an estimated $85 million (around Rs399 crore) from the trade, besides having gained information about expansion opportunities during their Parkway stint..............................................Full Article: Source
Print