Stay away from Fortis Health: Seshadri Bharathan

ET Now spoke to Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, for a fundamental check on Fortis Health.

What happens to this one, Fortis Health, it has been pretty much at the same levels for quite a while now?

It is story of round 2 where Khazanah is upping its ante and Fortis will have to follow up if they are desperate to buy this company out, which means that company will have to raise more funds and might lead to equity dilution, so at this point of time, I would advise investors to stay away from the stock.