Fortis Healthcare Ltd is facilitating the sale of stakes owned by private equity investors in its SRL Diagnostics unit, two people aware of the matter said. Fortis, which owns 57% in SRL Diagnostics, is in the process...
Fortis denies violating order on sale of controlling stake to IHH Healthcare
Fortis Healthcare Ltd (FHL) told the Supreme Court on Thursday that the question of restraining it from transferring ₹4,000 crore received from Malaysia’s IHH Healthcare Berhad to RHT Health Trust, Singapore did not...
Fortis plea: Supreme Court defers hearing against stake sale to February 6
The Supreme Court (SC) on Monday deferred to February 6 a hearing in Fortis Hospital’s appeal seeking modification of a December 14 order in which the top court had directed a stay on the stake sale of the...
Daiichi moves SC to restrain Fortis from transferring funds from IHH
Japanese drugmaker Daiichi Sankyo has moved the Supreme Court seeking to restrain Fortis Healthcare from transferring any funds it has received from Malaysia’s IHH Healthcare to RHT Health Trust, Singapore, in which the...
Fortis completes acquisition of RHT assets
Fortis Healthcare NSE 0.04 % Tuesday said it has completed the acquisition of RHT Health Trust (RHT) assets. In February last year, Fortis had announced that it has entered into definitive agreements with RHT to acquire...
Yes Bank sells over 2% stake in Fortis Healthcare
Private sector lender Yes Bank said it has sold over 2% stake in Fortis Healthcare Ltd (FHL) in tranches. “We would like to inform that Yes Bank has sold 1,23,37,323 equity shares having nominal value of ₹10 each...
IHH holds Fortis open offer after SC status quo on deal
IHH Healthcare Bhd on Monday told the Malaysian stock exchange that it will not be able to proceed with the open offer for Fortis Healthcare for the time being, following the Indian Supreme Court’s 14 December order to...
SC order won’t impact stake sale as Singh brothers not part of firm: Fortis
A day after the Supreme Court ordered status quo be maintained with respect to the stake sale of Fortis Healthcare to Malaysia’s IHH Healthcare Berhad, the beleaguered chain said the order does not impact the...
SC stalls IHH’s acquisition of Fortis Healthcare
In a blow to the IHH-Fortis deal, the Supreme Court on Friday gave directions that will stall the Malaysian healthcare group’s acquisition of the India’s second largest hospital chain, lawyers said. “Issue...
IHH open offer for 26% stake in Fortis Healthcare to commence on Dec 18
The open offer by Malaysian firm IHH Healthcare Berhad to acquire additional 26 per cent stake in Fortis Healthcare will commence on December 18 and close on January 1, 2019, a regulatory filing by managers of the offer...
Not liable for Singh brothers’ actions: Fortis backs stake sale in Delhi HC
Distancing itself from former promoters Malvinder Mohan Singh and Shivinder Mohan Singh, Fortis Healthcare Ltd on Monday opposed Daiichi Sankyo Co Ltd’s plea to stop the sale of its stake to Malaysia’s IHH...
IHH Healthcare completes Fortis deal by acquiring 31% stake
Malaysia’s IHH Healthcare Bhd has become the controlling shareholder of Fortis Healthcare Ltd by acquiring a 31.1% stake in the company. Fortis Healthcare also appointed four persons from IHH Healthcare to its board in...