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