Recent Highlights
All Stories for Fortis Hospitals
Fortis Healthcare says 'systemic lapses' found in inter-corporate borrowings; findings submitted to SEBI and SFIO
• 7 years agoThe 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
• 7 years ago1 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
• 7 years agoICRA 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?
Fp Staff • 7 years agoMarket 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'
Fp Staff • 7 years agoManipal 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
• 7 years agoThe 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.