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RHT trustee-manager clarifies links in India deal

Proposed acquisition not an interested person transaction, it says

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...

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