IHH in talks with Indian authorities over stalled open offer in Fortis
NEW DELHI: Malaysia’s IHH Healthcare is in discussions with relevant authorities in India to determine the next step for its stalled open offer for an additional 26.1 per cent stake in Fortis Healthcare, according to a company statement. The Supreme Court had last week ordered a forensic audit of the share sale of Fortis Healthcare […]
Fortis says Supreme Court order does not impact 31.1% stake sale to IHH
NEW DELHI: Fortis Healthcare on Saturday said the Supreme Court of India ordering a status quo on its deal with IHH Healthcare Berhad does not impact the company’s 31.1% stake sale to the Malaysian firm. However, this order could have a bearing on IHH’s proposed open offer to acquire additional 26% stake in Fortis. The […]
IHH acquires controlling 31.1% stake in Fortis for Rs 4,000 crore
NEW DELHI: Fortis Healthcare on Tuesday said it had issued 23.53 crore equity shares through preferential allotment to IHH Healthcare Berhad for around Rs 4,000 crore, helping the Malaysian firm take 31.1% stake in the company. The allotment has been done at Rs 170 per share. IHH has now become the controlling shareholder in the […]