Three leading private equity firms — TA Associates, Warburg Pincus and ChrysCapital – have been shortlisted from a group of five suitors for acquiring up to 44% equity stake in SRL Ltd, the diagnostics arm of Fortis...
PE firms NY Jacob Ballas, others start process to sell 31.5% in SRL
Private equity investors NY Jacob Ballas, Siguler Guff & Co and International Finance Corporation, whose exit from diagnostics company SRL Ltd was stalled after a legal setback, have started the process of selling...
Fortis facilitating PE stake sales in SRL Diagnostics
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...
NCLT Chandigarh allows Fortis to withdraw SRL demerger scheme
The National Company Law Tribunal bench in Chandigarh has allowed Fortis HealthcareNSE 1.57 % to withdraw its scheme to demerge SRLNSE 0.00 % diagnostics from the group and merge it with its step down subsidiary, the...
Fortis Healthcare pulls out of amalgamation scheme with Fortis Malar, SRL
Fortis Healthcare Ltd on Wednesday withdrew the scheme of arrangement and amalgamation with its units Fortis Malar Hospitals Ltd and SRL Ltd, citing a delay in its completion. The scheme could not be completed even...
Munjal-Burman may choose rights offer for Fortis over SRL Diagnostics sale
Businessmen Sunil Munjal and Anand Burman, who have received Fortis Healthcare Ltd’s board’s approval to buy the troubled hospital operator, may not opt for an outright sale of the company’s SRL Diagnostics unit, as...
SRL Diagnostics’ demerger from Fortis Healthcare deferred yet again
SRL Diagnostics’ demerger from Fortis HealthcareBSE -0.59 % has been deferred yet again after the Supreme Court’s order directing promoters Malvinder and Shivinder Singh to maintain the status of shareholding of one of...
NCLT postpones decision on demerger of SRL from Fortis
The National Company Law Tribunal (NCLT) in Chandigarh has postponed its decision on a demerger of SRL Diagnostics from parent company Fortis HealthcareBSE -0.94 % while it decides whether Daiichi Sankyo has a right to...
IHH Healthcare set to seal deal for Fortis, SRL stake
IHH Healthcare Bhd, Asia’s largest private hospital operator, is set to buy a controlling stake in Fortis Healthcare Ltd and SRL Diagnostics from billionaire brothers Malvinder and Shivinder Mohan Singh in a deal that...
Fortis says is in talks with investors for SRL
Fortis Healthcare on Friday said it was in talks with a number of investors to facilitate an exit by the existing private-equity investors from the company’s diagnostic arm, SRL Diagnostics. “The company is...
Exclusive: Suburban Diagnostics in sale talks with Dr Lal Pathlabs, Metropolis, PharmEasy, others
Pathology services provider Suburban Diagnostics is in talks with Dr. Lal PathLabs, Metropolis Healthcare, PharmEasy, and a clutch of private equity funds for a complete sale said people close to the development. The...
JSW Steel completes acquisition of 31% stake in Italy’s GSI Lucchini SpA
JSW Steel’s Italian subsidiary has completed the acquisition of remaining 30.73 per cent stake in GSI Lucchini SpA of Italy for one million euros. “Pursuant to fulfilment of conditions precedent mentioned in...