The Fortis board had last week approved a Rs4,000-crore offer from IHH Healthcare for a 31.1% stake in it, valuing the cash-strapped firm at Rs8,880 crore
1 min read19 Jul 2018Delhi HC asks court-appointed commissioner to submit a list of unpledged shares held by ex-Ranbaxy promoters in relation to the enforcement of Rs3,500 crore arbitration case with Daiichi Sankyo
1 min read25 Apr 2018Fortis posted a net loss of Rs23.61 crore for the quarter ending 30 September compared with a profit of Rs38.24 crore a year ago
1 min read1 Mar 2018The DDRT passed the direction on an Yes Bank plea seeking recovery of Rs569.64 crore loan given to Oscar Investment Ltd for which Fortis Healthcare co-owner Malvinder Mohan Singh was a guarantor
1 min read18 Feb 2018Sebi chief Ajay Tyagi says the market regulator is examining the party transactions, alleged corporate governance lapses in Fortis promoted by Malvinder Mohan Singh, Shivinder Mohan Singh
1 min read10 Feb 2018Malvinder and Shivinder Singh resign as directors from Fortis Healthcare's board following the Delhi HC order upholding the Rs3,500 crore arbitral award in favour of Daiichi Sankyo
2 min read8 Feb 2018Supreme Court also refused permission to banks, with whom the Singh brothers have pledged Fortis shares, to sell them
2 min read1 Sep 2017Bain Capital, TPG in talks for a 26% share in Fortis Healthcare, KKR looking for a controlling stake
2 min read10 Jan 2017Daiichi's claim includes interest and costs on top of the Rs2,562.78 crore damages awarded by Singapore court
2 min read7 May 2016Singh will become non-executive vice-chairman with effect from January 2016
2 min read23 Sep 2015The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared