Who owns Fortis’s Singapore trust?
- The bulk of Fortis’s sale proceeds will go to a Singapore-based trust managed by the elder son of the spiritual guru of the company’s former promoters, the Singh brothers.
- In the trust’s IPO, 12 million units were offered to the public, while 555.45 million units were privately placed.
- The IPR of the Fortis brand is owned by RHC Holding, the investment vehicle of the Singh brothers.
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