Fortis Malar Hospital Surges 20% On Demerger Announcement

Fortis Malar Hospital shares surged 20 per cent to Rs 68.50, its maximum intraday limit on Bombay Stock Exchange after its parent company Fortis Healthcare announced a restructuring exercise.  Fortis Healthcare on Friday announced demerger of its diagnostic business SRL, which will be merged with Fortis Malar subsequently. Fortis Healthcare shares also gained as much as 3.5 per cent.  The existing hospital business of Fortis Malar ...