Fortis Sale News

Companies

Sebi directs Fortis to recover ₹403 crore from Singh brothers, seven others

Sebi has barred Singh brothers from associating themselves with the affairs of Fortis Healthcare and Fortis Hospitals in any manner whatsoever

2 min read22 Dec 2018
Companies

IHH holds Fortis open offer after SC status quo on deal

IHH Healthcare says the Supreme Court's order does not impact acquisition of 31.1% stake in Fortis Healthcare for 4,000 crore

2 min read18 Dec 2018
Companies

Supreme Court orders status quo on Fortis-IHH deal

Fortis Healthcare tells NSE is was not a party to the judicial proceedings initiated by Daiichi Sankyo

2 min read15 Dec 2018
Market

Fortis Healthcare: What now, after IHH entry and June quarter loss?

Only time will tell whether it will be business as usual, or IHH Healthcare will make significant changes in how the Fortis hospitals are run and its expansion plans

2 min read16 Aug 2018
Companies

IHH to rebrand Fortis hospitals to Gleneagles in future

Fortis Healthcare chairman Ravi Rajagopal said the IHH proposal offered a more strategically and financially compelling proposition along with simplicity and certainty

3 min read14 Jul 2018
Companies

IHH can’t exit the deal in case SFIO, Sebi findings are not favourable: Ravi Rajagopal

IHH offered more strategically and financially compelling preposition along with simplicity and certainty, says Fortis chairman Ravi Rajagopal

3 min read14 Jul 2018
Market

Why Fortis Healthcare’s minority shareholders deserve a hostile bid

With promoters owning only a 0.77% stake in Fortis, minority shareholders will decide the fate of any bid. What questions should they ponder over before making a decision?

3 min read13 Jul 2018
Companies

Fortis gets a ₹4,000 crore lifeline from IHH Health

Fortis says IHH Healthcare will invest ₹4,000 crore at ₹170 per share in the company that operates about 30 private hospitals

4 min read13 Jul 2018
Companies

Fortis Healthcare board to consider fundraising on Friday

The Fortis Healthcare board will meet 'to consider, and if thought fit, approve raising funds through issue of securities on a preferential allotment basis'

2 min read11 Jul 2018
Opinion

Wanted. A nurse for Fortis Healthcare who won’t kill it

Had Fortis Healthcare been a bank, it would have been judged too big to fail

3 min read10 Jul 2018
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