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Peace returns, Trehan may sell stake

Sources say Dr Trehan has also agreed to give up his claim to the post of executive director of Escorts Heart Institute, reports Sanchita Sharma.

business Updated: May 25, 2007 03:51 IST
Sanchita Sharma
Sanchita Sharma
Hindustan Times

An out-of-court settlement between heart surgeon Naresh Trehan and Fortis Healthcare Limited, which runs Escorts Heart Institute, is on the cards.

Sources said Dr Trehan has agreed to give up his claim to the post of executive director, which he held till he was sacked on May 18. But he will continue to do surgeries at the Escorts.

The fate of his 10 per cent stake in Escorts, which he got as ESOPS, is under discussion. Escorts group chairman Rajan Nanda had sold his 90 per cent stake in the Delhi hospital to the Ranbaxy-owned Fortis Group for Rs 650 crore in September 2005.

"I can't comment. All I can say is that talks are on," says Daljit singh, president (operations), Escorts Heart Institute.

Dr Trehan refused to comment.

With efforts on to reach a settlement, the security at the hospital was reduced and cars were allowed to come in without being checked. "I'm glad things are going back to normal," said Harsh Vohra, at Escorts for his cousin's angioplasty.

First Published: May 25, 2007 02:16 IST