Delhi-based Fortis Healthcare today said that it is acquiring 23.9 per cent stake in Parkway Holdings, one of the Asia's largest healthcare service providers, from TPG Capital in an off-market deal.

Though Fortis has not disclosed the deal size, agency reports said that it could Rs 3,150 crore ($685 million).

BSE  |  NSE Price

Also Read   Related Stories News Now - GlaxoSmithKline eyes buyouts in India - India Inc's Feb M&A tally jumps 5-fold at $1.3 bn - Ready with CCI norms for M&A: Govt - I-T notice may derail Essar Steel's land acquisition bid - Prisa, Liberty sign $900-million deal - Essar in talks to buy Trinity Coal for $550-600 mn

Also Read   Related Stories News Now - Markets continue to trade firm - Sun Pharma gets USFDA nod for nasal spray - European shares recover, Greece still weighs - BJP meet at Centre named after first Maharashtra CM - Govt to meet Friday on raising diesel prices More

In August last year, Fortis bought 10 hospitals from Wockhardt for Rs 900 crore.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets continue to trade firm - Sun Pharma gets USFDA nod for nasal spray - European shares recover, Greece still weighs - BJP meet at Centre named after first Maharashtra CM - Govt to meet Friday on raising diesel prices

Tags : Fortis Healthcare | acquisition | Singapore firm   Read Business news in  Advertisements -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  Journey on, We are by Your Side. Click here to know more -  2 Lac Apartments, 1 Lac House / Plots. Click here -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  The Best Seller is Also the No. 1 in Mileage. Click here -  Watch The Film Here. Click here to know more.. -  Leader in Passenger Car & Automobile Tyres. Click here -  1 billion in saving for Unilever without any tangles. -  A Brand New Server at a Price That Fits Your Budget. Click here -  Learn How One City is Running on FOOD SCRAPS. -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  36 Lakhs can get you a pool of Luxuries. Click here -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More