FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» In STOCK MARKET despite all odds, there is always hope. Never ever give in nor give up.
by atuts Today at 2:14 pm

» The war in Ukraine is no longer shocking the wheat market
by ResearchMan Yesterday at 2:10 pm

» India raises import tax on gold to support rupee and amid trade deficit
by ResearchMan Yesterday at 2:09 pm

» When will supply chain disruptions ease?
by ResearchMan Yesterday at 9:57 am

» KHL Massive forex gains close to 6 billions
by rajini Fri Jul 01, 2022 10:54 pm

» Tourism in Sri Lanka: One step forward, two steps back
by rajini Fri Jul 01, 2022 9:21 pm

» Expolanka to continue its winning streak
by samaritan Fri Jul 01, 2022 4:12 pm

» Govt gets its priorities wrong
by samaritan Fri Jul 01, 2022 10:25 am

» Ambassador assures U.S. support to Sri Lanka to find solutions to economic issues
by samaritan Fri Jul 01, 2022 10:16 am

» IMF-Sri Lanka bailout talks end without a deal
by ChooBoy Fri Jul 01, 2022 9:16 am

» Sri Lanka Breaks Into Hyperinflation Zone Amid Dollar Crunch
by CHRONICLE™ Fri Jul 01, 2022 8:11 am

» Sri Lanka needs to do more on debt restructuring before a bailout package is finalised, says IMF
by CHRONICLE™ Fri Jul 01, 2022 8:06 am

» Global COVID cases rise as BA.4 and BA.5 expand
by samaritan Fri Jul 01, 2022 7:04 am

» POSITIVES & TARGETS BY IMTIAZ BUHARDEEN
by Gowri123 Wed Jun 29, 2022 4:38 pm

» We’re seeing a shift toward international and value stocks, says Schwab’s Kleintop
by target1 Wed Jun 29, 2022 2:40 am

» Wall Street stumbles as consumer pessimism stokes growth fears
by target1 Wed Jun 29, 2022 2:34 am

» Free Market Capitalism vs. Crony Capitalism
by target1 Wed Jun 29, 2022 2:30 am

» Sri Lankan corporations reap large profits as workers and rural toilers face poverty and starvation
by CHRONICLE™ Tue Jun 28, 2022 6:37 pm

» අද රාත්‍රියෙන් පසු, යක්ෂයාගේ හෝරාව ඇරඹේ!
by God Father Tue Jun 28, 2022 6:13 pm

» Derana 360 with Minister Dhammika Perera
by samaritan Tue Jun 28, 2022 1:07 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Fortis to invest over Rs.800 million in Lanka Hospital's Laboratory business

Fortis to invest over Rs.800 million in Lanka Hospital's Laboratory business

Go down  Message [Page 1 of 1]

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

May 17, 2012 (LBT) – Super Religare Laboratories (SRL) a subsidiary of Fortis Healthcare Limited, one of the largest laboratory service providers in the world will partner Lanka Hospitals in establishing a network of laboratories across the country and will invest a sum of Rs.831,100,227 over two year period in a new company and seek Section 17 BOI approval for same, a statement said.

Accordingly, in a filling to Colombo Bourse today, Lanka Hospitals Corporation PLC (LHCL) said that at its Board Meeting held on 17th May 2012 the Board of Directors granted approval for an inciorporation of its first ever fully owned subsidiary company for the purpose of expanding its laboratory business.

The statement added that the referrral lab under this new venture is the largest and the most up to date in the country and will obtain College of American Pathologists (CAP) accreditation which is the gold standard in terms of quality in laboratory services

Fortis Healthcare International a subsidiary of Fortis Healthcare Limited is the second largest shareholder of Lanka Hospitals. Early March 2011, Malvinder Mohan Singh and Shivinder Mohan Singh owned Singapore based Fortis Global Healthcare Holdings Pte. Ltd acquired a 28.6% of Lanka Hospitals PLC (LHCL) that held by the Distilleries Company of Sri Lanka (DCSL) for Rs.4 billion marking the entry of Fortis Global, in one of Asia's fastest growing economies - Sri Lanka.

That time the deal was executed on behalf of the Asian healthcare, provider by Religare Capital Markets joint-venture, with Sri Lanka’s Bartleet Mallory Stockbrokers Ltd, whilst the Distilleries company of Sri Lanka (DIST) sold their remaining 64,120,915 shares, at a price of Rs.62 per share of Lanka Hospitals PLC to Fortis Global Healthcare Holdings Pte Ltd.

Fortis Global Healthcare Holdings Pte Ltd., operates as a subsidiary of Fortis Global Healthcare Limited in India. Fortis Healthcare Limited (FHL) is one of the operators in tertiary care healthcare delivery market and the Company is engaged in healthcare services. Its projects include Shalimar Bagh hospital, Fortis International Institute of Bio Medical Science (FIIBMS), Kolkata Project and Mulund Expansion Project.
http://lbt.lk/corporate/announcements/1880-largest-lab

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum