IHH HEALTHCARE PLANS TO HIKE IT'S STAKE IN FORTIS HEALTHCARE TO 50%

IHH is planning to increase it's stake in

from the current 31% to 50% as it sees India as a major growth market. The hospital chain aims to expand it's bed count to 10,000 by the year 2030. Investments will focus on existing locations and integrating facilities. The group is also repositioning it's diagnostics arm. Having a market cap of Rs 64,530 crore, the company has delivered a good profit growth of 70% CAGR over last 5 years. The stock price is currently trading at a discount of 20% from it's all time high levels making it a good entry opportunity for long term investing.