Fortis Healthcare CFO Gagandeep Singh Bedi resigns

The company announced the resignation of the Chief Financial Officer after market hours on Thursday citing personal reasons.

Fortis Healthcare on Thursday evening announced that its Board has considered the resignation of its chief financial officer (CFO).

“The Board of Directors of the Company, at its meeting held on August 30, 2018, have, inter alia, considered the resignation of Mr. Gagandeep Singh Bedi, Chief Financial Officer, from the services of the Company, and after discussion and deliberation, accepted the same, with effect from September 30, 2018,” Fortis Healthcare said in a statement to the BSE post market hours on Thursday.

The company has cited “personal reasons” for Bedi’s departure.

Fortis Healthcare share price ended the day at Rs149, up Rs0.2, or 0.13%, from its previous close of Rs148.80 on the BSE. The scrip opened at Rs148.80 and touched a high and low of Rs149.30 and Rs148 respectively. A total of 19,28,230 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs7,712.81cr.

Malaysian company IHH has acquired Fortis Healthcare and will be injecting Rs7,300cr in Forits Healthcare. IHH is also awaiting SEBI approval for its open offer which will increase IHH’s shareholding in Fortis up to 57%. The company reported a loss of Rs71cr in Q1FY19.


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