There is good special situation opportunity available with open offer of fortis and fortis malar by ihh group. Current market price of fortis share rs 147 open offer price rs 170. Potential gain about 15 percent . Time frame within 90 days. Considering current volatility and high valuation in various stocks it may be good opportunity for small gain. As I see it risk is very less in this situation except regularity approvals from CCI and sebi as both party is willing and no much choice. IHH group is leading hospital chain in Asia with market cap of around 10 billion us dollar and listed in Singapore and Malaysia stock exchange. They have already running hospital with around 1000 beds in South India so very well versed with healthcare business in India. Also likely to improve corporate governance issue in fortis and current valuation of fortis considering future potential of healthcare industry is also decent so no much downside risk from current level.
Fortis open offer
Disc: Yesterday took some position after announcement