Ihh Healthcare

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.

Unable to proceed with Fortis open offer for time being as SC order puts on hold further stake sale: IHH Healthcare

Malaysia's IHH Healthcare on Monday said it will not be able to proceed with the open offer for Fortis Healthcare for the time being, following the Supreme Court order to put on hold sale of controlling stake in the Indian hospital chain.

Supreme Court puts Fortis Healthcare stake sale on hold; shares drop nearly 9%

SC, while putting the sale on hold, issued notices to Singh brothers and Fortis Healthcare

Fortis Healthcare CEO Bhavdeep Singh quits; to continue till successor appointed

Bhavdeep Singh has steered the organisation over the past three and a half years

Fortis Healthcare: Shivinder Singh sues brother Malvinder alleging oppression, mismanagement of business; moves NCLT

Last month, the brothers who are co-promoters of the Group had put the blame on former Religare Enterprises Chairman and Managing Director Sunil Godhwani for the group's troubles.

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 acquisition: Malaysian firm IHH’s open offer to commence on 7 September

Earlier on 13 July, Fortis Healthcare board had approved Rs 4,000-crore offer from Malaysia's IHH Healthcare for 31.1 percent stake in it, valuing the cash-strapped firm at Rs 8,880 crore thus ending months of a takeover battle

IHH offers strategically, financially compelling proposition along with simplicity and certainty, says Fortis chairman

Based on the IHH offer price of Rs 170 per share, the implied equity valuation for 100 percent of Fortis Healthcare is Rs 8,880 crore

Fortis Healthcare board to meet on Friday to consider fund raising through issue of securities

Cash-strapped Fortis Healthcare, which is in the process of finding a new investor, on Wednesday said its board will meet on 13 July to consider raising funds through issue of securities on a preferential allotment basis

Fortis acquisition: Munjal-Burman stay away from fresh bidding; IHH, Manipal-TPG in fray

Malaysia's IHH Healthcare and Manipal-TPG combine have put in fresh binding bids for cash-strapped healthcare chain while Munjal-Burman combine, which had earlier emerged as the preferred suitor for Fortis Healthcare, has backed out from the race