Fortis Hospitals

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

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

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?

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'

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

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.