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Fortis Healthcare signs pre-IPO investment

CHENNAI: Fortis Healthcare, which has a network of 12 hospitals, has signed definitive agreements with Quantum (M) Ltd. and Blue Ridge Ltd. Partnership and Blue Ridge Offshore Master Ltd Partnership for pre-initial public offer investment in the equity shares of the company. According to a release, a maximum of 5.96 million equity shares each will be issued to Quantum and Blue Ridge at a price equal to the IPO offer for an aggregate amount of $33.33 million. Fortis has filed its draft red herring prospectus with the Securities and Exchange Board of India.

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