Fortis Healthcare net falls 88% to Rs 16 crore in September quarter
NEW DELHI: Fortis Healthcare on Thursday reported an 87.52 per cent decline in its consolidated net profit to Rs 15.47 crore for the quarter ended September. The company had posted a net profit of Rs 124.04 crore for the corresponding period of the previous fiscal, Fortis Healthcare said in a filing to BSE. Consolidated revenue […]
Fortis Healthcare completes acquisition of RHT assets
NEW DELHI: Fortis Healthcare on 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 entire portfolio of assets of the Singapore-listed entity for an enterprise value of Rs 4,650 crore. “The company has […]
SEBI directs Singh brothers to pay Rs 403 crore to Fortis Healthcare
NEW DELHI: Finding illegal diversion of funds from the company, markets regulator Securities and Exchange Board of India (Sebi) on Wednesday directed the Singh brothers and eight other entities to repay Rs 403 crore along with interest to Fortis Healthcare Ltd. The Singh brothers—Shivinder and Malvinder—are former promoters of Fortis Healthcare. All the entities have […]