Fortis Healthcare arm to invest in captive solar power SPV in Haryana

Capex & Operations View source PDF Explain this filing

FORTIS · price

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Price reactionminutes from the announcement price · days from the prior close

-0.3%Reaction day

₹757.25

prior close

₹757.00

announcement price

After-mkt

timing

Nifty Midcap 150market+1.0%-1.3% vs market

Hospital peers, median of 25sector-0.5%+0.2% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Midcap 150 and 0.2 pts more than its Hospital peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.8

10m

-0.6

15m

-0.0

30m

+0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.3+1.0-1.3-0.5+0.2

Next day

-1.0+0.9-1.9-0.6-0.3

-1.5+0.6-2.1-0.8-0.6

-2.7+0.5-3.3-1.1-1.6

-2.6-0.6-2.0-2.7+0.2

-3.7-1.9-1.8-3.9+0.1

-5.9-4.8-1.1-5.9+0.1

15d

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UpDownMarket · Nifty Midcap 150Sector · Hospital peers, median of 25Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Fortis Hospotel Limited, a wholly-owned subsidiary of Fortis Healthcare, will acquire 26 percent equity in Clean Max Sau Private Limited, a newly formed SPV for a captive solar power generation project in Haryana. Investment is up to Rs. 1.85 crore in cash, to be completed within 3 months. The SPV will supply renewable energy for the subsidiary's own use, helping meet green energy goals and lower power costs.

Likely market impact

Small cash investment in captive solar power. No major financial impact, but supports long-term energy cost savings and ESG goals.