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RBI restricts foreign investors from buying in Fortis Healthcare

The Reserve Bank of India (RBI) has restricted the Foreign Institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs) in Fortis Healthcare as the foreign investors have crossed the overall limit of 24% of paid-up capital of the company.

RBI monitors ceilings on FII/NRI/PIO investments in Indian companies on a daily basis.

Fortis Healthcare is an integrated healthcare delivery service provider in Asia. The healthcare verticals of the company span primary care, diagnostics, day care specialty and hospitals, with a healthcare network spanning 9 countries.

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