 "Fortis Healthcare jumps 8% on Dental Corp stake sale")
Mumbai: Shares in Fortis Healthcare rose as much as 7.5 percent on Monday on the company’s plans to sell its 64 percent stake in a dental clinics business in Australia for A$270 million.
[caption id=“attachment_559780” align=“alignleft” width=“380”]  Malvinder Singh, Chairman Fortis. Reuters[/caption]
The stake sale to British medical services group Bupa will help Fortis focus on high-end healthcare operations in Asia, it said in a statement late on Sunday.
The entire proceeds will be used to reduce the group’s debt, Fortis group Chief Executive Vishal Bali told news channel CNBC TV18. The deal is expected to be completed in March 2013, Fortis said.
STORY CONTINUES BELOW THIS AD
Reuters
End of Article
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
](https://images.firstpost.com/wp-content/uploads/2012/12/fortis.jpg){kind=link}