Fortis Healthcare Limited announced on Thursday about signing of a definitive agreements for sale of its hospital business operations at Vadapalani, Chennai to Sri Kauvery Medical Care (India) Limited for a sale...
Fortis acquires Gurugram-based Medeor Hospital for Rs 225 crore
Fortis Healthcare said it has signed definitive agreements with the VPS Group for the acquisition of its Medeor Hospital in Manesar, Gurugram for Rs 225 crore. The hospital has a potential bed capacity of 350 beds and...
Sebi advices IHH Healthcare to proceed with open offer to acquire stake in Fortis after Delhi HC’s order
Sebi advised Malaysia’s IHH Healthcare to go ahead with its open offer to acquire 26.1 per cent market share in Fortis Healthcare after obtaining order from the Delhi High Court, the company stated. In November...
Supreme Court asks 17 lenders to explain Fortis Healthcare’s stake sale
The Supreme Court on Thursday directed 17 lenders, banks and financial institutions to explain the share sale by Fortis Healthcare’s former promoters Malvinder Singh and Shivinder Singh. Passing a slew of...
Indiabulls Housing says sorry, pays for Fortis share sale
Indiabulls Housing Finance and its directors, including chairman Sameer Gehlaut and CEO Gagan Banga, have apologised to the Supreme Court and also deposited Rs 17 crore for selling the pledged shares of erstwhile...
SC ruling on Singh brothers halts IHH Healthcare’s Fortis takeover plan
The Supreme Court has refused to lift the block on completion of the takeover of embattled hospital chain Fortis Healthcare Ltd. by Malaysian operator IHH Healthcare Bhd, the latest twist in one of the country’s most...
Shareholders ask Fortis to act on IHH open offer
Minority shareholders of Fortis Healthcare Ltd are demanding that the company and its parent IHH Healthcare Bhd make efforts to vacate a Supreme Court stay on an open offer for buying additional shares of the Indian...
Fortis Healthcare completes stake sale in Mauritius-based Medical and Surgical Centre
Fortis Healthcare has announced of the sale of its nearly 29 per cent stake in Mauritius-based Medical and Surgical Centre Ltd (MSCL). MSCL has a market capitalisation of 55 million dollars (about Rs 380 crore). The...
Sebi partly modifies order against Religare Finvest in Fortis case
Sebi Friday partly modified its order against Religare Finvest Ltd (RFL) in the matter of Fortis Healthcare by allowing the firm to dispose its assets subject to certain conditions. In March, the regulator directed...
Fortis calls off process of stake sale in RHT and RHTTM
Fortis Healthcare said Saturday it has decided to close the bidding and search process to explore the possibility of sale of interest in RHT Health Trust and RHT Health Trust Manager Pte Ltd (RHTTM). In an earlier...
Yes Bank reduces stake in Fortis Healthcare by 2%
Yes Bank has reduced its stake in Fortis Healthcare by around 2% by selling over 1.51 crore shares of the company in various tranches, according to a regulatory filing by the healthcare firm. The private sector lender...
Fortis puts up RHT stake for sale, three months after acquisition
Fortis Healthcare Ltd is in talks with potential buyers to sell its stake in Singapore-listed Religare Health Trust (RHT), three months after it completed the acquisition of RHT’s assets for ₹4,650 crore. “RHT Health...