Fortis Healthcare on Monday said it is exploring legal means with respect to the Supreme Court judgment that found the company guilty of contempt for violating the court's earlier order
Fortis acquisition: IHH Healthcare says it 'understands concerns' of minority shareholders over delay in open offer
Malaysian firm IHH Healthcare on Friday said it "understands the concerns" of the Fortis Healthcare's minority shareholders over the delay in the open offer but stressed that it would proceed with the offer only when the stay is lifted by the Supreme Court
Ranbaxy promoters Malvinder, Shivinder Singh diverted funds despite order to maintain stakes, Daiichi Sankyo tells SC
The Supreme Court had earlier expressed displeasure at the replies of Malvinder and Shivinder to its directive to submit a plan for paying Rs 4,000 crore to Daiichi Sankyo, as awarded by a Singapore tribunal.
Healthcare sector may see further consolidation in 2019; more partnerships between public and private sector expected
Malaysia's IHH Healthcare has scalped 31.1 percent stake in Fortis for Rs 4,000 crore after months of intense competition and is in process of taking another 26 percent stake.
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.
SC, while putting the sale on hold, issued notices to Singh brothers and Fortis Healthcare
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
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
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
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
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
Fortis stake sale: Board outlines fresh bidding process, bidders given 10 days for financial, legal due diligence
The bids should also provide a plan for funding Fortis’s acquisition of RHT Health Trust’s Indian assets, agreed in November, and options to private equity investors to exit Fortis’s unit SRL Ltd.
Fortis saga continues: Munjal-Burman give consent to reopen bidding process, express anguish over 'indecision'
Fortis Healthcare, however, did not clarify whether it will re-open the bidding process.
Fortis stake sale: Manipal Health Enterprises-TPG combine extends validity of revised offer to 6 June
Manipal-TPG combine has said it has extended the validity of its modified offer for Fortis Healthcare to 6 June, 2018.
Fortis Healthcare on Wednesday said its shareholders have voted in favour of removal of Brian Tempest from the Board of Directors
IHH Healthcare had increased its offer to directly invest in Fortis Healthcare at Rs 175 per share on 1 May. It had initially made a non-binding offer to invest in Fortis at Rs 160 per share.