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ET Prime Special: A ticking bomb for investors that even the auditor struggles to flagIn one case, lenders suddenly knocked on the company’s door to invoke pledged shares due to an interest default, and the board itself had n...- Sebi bars Singh brothers from selling assets till Fortis dues are clearedSingh brothers, erstwhile promoters of FHL, have also been asked not to associate themselves with the affairs of FHL and FHsL in any manner.
- Sebi order throws a spanner into Singh brothers' plansAn enquiry is needed to find out the role of each entity in the alleged fund routing.
- Singh brothers may have taken fresh loans from Fortis to repay funds diverted from hospital chain, company saysIn light of ongoing investigations into the transactions, the Fortis board said at this juncture it was unable to determine whether a fraud...
- ICRA downgrades credit ratings of Fortis Healthcare, subsidiariesThe long term rating of Fortis Healthcare Ltd has been revised to 'C' from BBB.
- Manipal Health offers Rs 31.54 crore for Fortis Malar sharesThe open offer has been triggered following an announcement that Fortis Healthcare Ltd would be demerging its hospital business and merging...
- Singh brothers are said to have taken $78 million out of FortisThe funds were reported on the balance sheet of Fortis as cash and cash equivalents, but the money was routed and placed under the control ...
- Fortis Malar Hospitals hit the roof on merger news; Fortis Healthcare gains 4%At present, Fortis Healthcare owns 56.4 per cent stake in SRL, while another 38.9 per cent stake is owned by private equity firms and finan...
- Fortis Healthcare hives off diagnostic business SRL into listed Fortis MalarUnder the proposed scheme, SRL engaged in diagnostic business and is a subsidiary of Fortis Healthcare will be hived off and will be merged...
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