Religare Health Trust kicks off $448 million Singapore IPO

The business trust is sponsored by Indian hospital operator Fortis Healthcare and promises a dividend yield of at least 6%. Meanwhile, electronics retailer Courts Asia starts bookbuilding for an IPO of around $100 million.

<div style="text-align: left;"> Fortis Healthcare's colorectal centre in Singapore is the first of its kind in Southeast Asia </div>

Anette Jönsson

October 03, 2012

Religare Health Trust (RHT), a business trust sponsored by India-listed hospital operator Fortis Healthcare, has started bookbuilding for a Singapore initial public offering of up to S$550.4 million ($448 million).

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