Fortis says SC order does not impact 31.1% stake sale to IHH2 min read 15 Dec 2018, 08:34 PM IST
The Supreme Court order could have a bearing on IHH's proposed open offer to acquire additional 26% stake in Fortis
New Delhi: Fortis Healthcare on Saturday said the Supreme Court ordering a status quo on its deal with IHH Healthcare Berhad does not impact the company’s 31.1% stake sale to the Malaysian firm. However, this order could have a bearing on IHH’s proposed open offer to acquire additional 26% stake in Fortis. The open offer is scheduled to be launched from December 18 to January 1, 2019.
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