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 […]