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Stock market: Sensex drops over 100 points, Nifty slips below 10,400

Fortis Healthcare climbs over 4% as stake buy race hots up

Domestic stocks started Wednesday on a shaky wicket after dismissal of US Secretary of State roiled markets worldwide. The BSE Sensex dropped over 100 points to 33,766 while the broader NSE Nifty slipped below the crucial 10,400, down 32 points at 10,394.

Fortis HealthcareBSE 4.59 % climbed 5 per cent on Wednesday morning after reports that Malaysia’s IHH Healthcare is set to launch a voluntary open offer to buy non-promoter shares in the next few days.

The stock was 4.52 per cent higher at Rs 159.40 on the BSE.

The proposed open offer comes nine months after IHH walked out of bilateral negotiations with promoters Malvinder and Shivinder Singh, who were then in control.

The move is likely to set off competition with a TPG-Manipal Hospitals combine as each side tries to acquire a minimum holding of 51 per cent, going up to as much as 75 per cent stake in the company.

The IHH’s move to re-engage with Fortis follows failed negotiations with Global Health, the parent of Naresh Trehan-founded Medanta hospitals, for a potential deal valued at around Rs 5,800 crore, said sources tracking the developments.

Last June, IHH pulled out of exclusive negotiations on Fortis just days before signing on the dotted lines, worried about the legal implications of the battle between Daiichi Sankyo and the Singh brothers and unconvinced that it would gain undisputed ownership of the shares.

Opinion Poll
With assembly election ahead With assembly election ahead, well known Digital Media platform clipper28.com has decided to gauge the mood of Chhattisgarh through its own opinion poll. As an aware voter and stakeholder of the democratic process, kindly do answer the following questions so that prevailing mood of state can be ascertained.
Name
Age
Assembly Segment
Phone Number
Which party will emerge as the single largest party?
Which party will win how many seats?
Whom would you like to see as next Chhattisgarh Chief Minister?
Have you witnessed development work in your area?
Do you think that farmers of Chhattisgarh are satisfied with BJP government?
Do you think youngsters are happy with employment scenario created by Chhattisgarh/state government?
Do you think state government has done enough on issue of women empowerment?
Are you satisfied with work done by your legislator? Have electoral promises been fulfilled or not?
Are you satisfied with the amenities provided by the government in your area?
Do you think the state government has successfully tackled naxal menace?
Are you satisfied with work done by different state Ministers?

Please do vote...

ओपिनियन पोल
छत्तीसगढ़ की आगामी विधानसभा चुनाव के लिए डिजिटल मीडिया ‘clipper28.com’ नेसटीक ओपिनियन पोल करनेका निश्चय किया है. अतः आप नीचे दिए सवालों के निष्पक्ष जवाब देंताकि राज्य की आने वाले दिनों की सही सियासी तस्वीर सामनेआ सके. कृपया अपना मत जरूर दें- With assembly election ahead
नाम
विधानसभा क्षेत्र
आयु
फ़ोन नं
विधानसभा चुनाव में सबसे बड़ी पार्टी कौन सी होगी ?
किस पार्टी को कितनी सीटें मिलेगी?
अगले मुख्यमंत्री के रूप में किसे देखना चाहेंगे?
क्या आपके क्षेत्र में विकास दिखाई पड़ रहा है?
क्या छत्तीसगढ़ का किसान भाजपा शासन से संतुष्ट है?
जो रोजगार छत्तीसगढ़ सरकार ने दिया, क्या उससे युवा वर्ग संतुष्ट है?
राज्य सरकार ने महिलाओं के सशक्तिकरण के लिए जो किया, उससे महिलाएं संतुष्ट हैं?
क्या आप अपने विधायक से संतुष्ट हैं? उन्होंने अपने वादे पूरे किए या अधूरे हैं उनके काम?
क्या आप अपने क्षेत्र की सरकारी सुविधाओं सेसंतुष्ट हैं?
क्या नक्सली समस्या पर नियंत्रण हुआ है?
क्या प्रदेश के मंत्रियों के कामकाज से संतुष्ट हैं?
-देश हित के लिए मतदान अवश्य करें-
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