Fortis Hospitals

Fortis Hospitals News

SEBI directs Fortis Healthcare, Fortis Hospitals to recover Rs 403 crore from Singh brothers, 7 others
Business

SEBI directs Fortis Healthcare, Fortis Hospitals to recover Rs 403 crore from Singh brothers, 7 others

Singh brothers, erstwhile promoters of FHL, have also been asked not to associate themselves with the affairs of FHL and FHsL in any manner.

Fortis Healthcare seeks Sebi’s intervention to initiate legal proceedings, arrest Singh brothers to recover Rs 472 cr
Business

Fortis Healthcare seeks Sebi’s intervention to initiate legal proceedings, arrest Singh brothers to recover Rs 472 cr

Fortis Healthcare has said it has asked markets regulator Sebi to initiate legal proceedings, including the arrest of its former promoters Singh brothers, to recover Rs 472 crore from them and related entities

SEBI asks Fortis Healthcare, Fortis Hospitals to recover Rs 403 crore from Singh brothers, seven others
India

SEBI asks Fortis Healthcare, Fortis Hospitals to recover Rs 403 crore from Singh brothers, seven others

The fresh order comes after the two companies made representation to the markets regulator.

Fortis Healthcare to appoint external agency to undertake scrutiny of its internal controls and compliances
Business

Fortis Healthcare to appoint external agency to undertake scrutiny of its internal controls and compliances

Fortis had in February this year decided to carry out an independent investigation through an external legal firm following allegations of siphoning off nearly Rs 500 crore

Fortis Healthcare says 'systemic lapses' found in inter-corporate borrowings; findings submitted to SEBI and SFIO
Business

Fortis Healthcare says 'systemic lapses' found in inter-corporate borrowings; findings submitted to SEBI and SFIO

The company has initiated legal action for recovery of these outstanding ICDs and other advances, Fortis Healthcare said

Race for Fortis: IHH Healthcare, Burmans and Munjals revise offer; a timeline on the  story so far
Business

Race for Fortis: IHH Healthcare, Burmans and Munjals revise offer; a timeline on the story so far

1 May is the deadline for binding offers for Fortis, which will be evaluated by an expert advisory panel. The board is set to meet on 10 May.

ICRA downgrades credit ratings of Fortis Healthcare, subsidiaries citing stretched liquidity position
Business

ICRA downgrades credit ratings of Fortis Healthcare, subsidiaries citing stretched liquidity position

ICRA has downgraded Fortis Healthcare and its subsidiaries citing stretched liquidity position of company which led to delay in servicing of a loan

Fortis Healthcare demerger: Rakesh Jhunjhunwala questions deal with Manipal; will the sale process flounder?
Business

Fortis Healthcare demerger: Rakesh Jhunjhunwala questions deal with Manipal; will the sale process flounder?

Market investor Rakesh Jhunjhunwala has reportedly questioned the recent deal between Fortis Healthcare Ltd. (FHL) and TPG Capital-backed Manipal Hospitals

Fortis Healthcare demerger: Manipal Hospitals to raise funds via internal accruals; parent firm sees 'value in scale'
Business

Fortis Healthcare demerger: Manipal Hospitals to raise funds via internal accruals; parent firm sees 'value in scale'

Manipal Hospitals, which will be acquiring hospitals business of Fortis, will raise funds through internal accruals and debt to fund its share of the deal

Fortis reports net loss in September, December quarters; Deloitte refuses to clear earnings audit
Business

Fortis reports net loss in September, December quarters; Deloitte refuses to clear earnings audit

The results of Fortis Healthcare come amid controversy and scrutiny of the company's finances over alleged regulatory lapses in transfer of funds to some promoter-linked firms.