RHT trustee-manager clarifies links in India deal

Singapore

THE trustee-manager of Religare Health Trust (RHT), a business trust with hospitals in India, has replied to a Singapore Exchange (SGX) query prompted by a BT article.

Executive chairman of the trustee-manager, Ravi Mehrotra, said that RHT's proposed acquisition of Mohali Clinical Establishment in Punjab, India, from a spiritual organisation known as Radha Soami Satsang Beas (RSSB), is not an interested person transaction (IPT).

BT noted in a commentary yesterday that RSSB's spiritual guru and leader, Gurinder Singh Dhillon, is the father of Religare Health Trust CEO Gurpreet Singh Dhillon. Mr Gurinder's nephews, Malvinder Mohan Singh and Shivinder Mohan Singh, also control the extensive healthcare and financial services businesses respectively under Fortis Healthcare (the…