Fortis Healthcare shares rose ~6.5% to Rs. 837 from Rs. 785 after IHH Healthcare announced raising its stake from 31% to 50%.
IHH’s stake increase provides capital backing, removes a seven‑year legal overhang, and supports a plan to add ~2,000 beds by 2028.
Fortis reported quarterly revenue of ₹2,265 Cr (up 17.5% YoY) and operating profit of ₹506 Cr, while net profit fell to ₹197 Cr.
The expansion aims to lift operating margins to 25% and capture growing demand in India’s tier‑1 and tier‑2 cities.