The announcement was made after market hours on Friday, 24 May 2013.

Meanwhile, the S&P BSE Sensex was up 167.93 points or 0.85% at 19,872.26.

On BSE, 60,000 shares were traded in the counter as against average daily volume of 96,688 shares in the past one quarter.

The stock hit a high of Rs 95.50 and a low of Rs 91.20 so far during the day. The stock had hit a 52-week low of Rs 89.50 on Friday, 24 May 2013. The stock had hit a 52-week high of Rs 119.50 on 17 December 2012.

The stock had underperformed the market over the past one month till 24 May 2013, sliding 8.81% compared with the Sensex's 2.74% rise. The scrip had also underperformed the market in past one quarter, declining 9.4% as against Sensex's 2.01% gain.

The mid-cap company has equity capital of Rs 440.20 crore. Face value per share is Rs 10.

Fortis Healthcare said that the Supreme Court of Victoria on 24 May 2013 approved the scheme of arrangement for Bupa Australia health Pty to complete its full acquisition of Dental Corporation Holdings (Dental Corporation). Fortis had announced the sale of its entire stake in Dental Corporation, in December 2012. Fortis will receive A$2.347 per Dental Corporation share, aggregating to A$270.38 million.

Fortis had acquired Dental Corporation in January 2011 and grew it from 140 dental practices to around 200 dental practices in Australia, New Zealand and Canada. The model however, remained confined to these countries and it found limited acceptance in other Fortis geographies, as originally prompting the divestiture, Fortis Healthcare said in a statement.

Fortis Healthcare's consolidated net profit galloped 2509.3% to Rs 705.03 crore on 155.2% growth in net sales to Rs 1523.57 crore in Q3 December 2012 over Q3 December 2011.

Fortis Healthcare is an integrated healthcare delivery service provider in Asia. The healthcare verticals of the company span diagnostics, primary care, day care speciality and hospitals, with a healthcare network spanning 12 countries.