The Group acquired a 31% controlling stake in Fortis in 2018, which triggered a mandatory open offer to acquire another 26% of Fortis share...

The case and the resultant delay in the open offer are taking up Fortis' management bandwidth.

The SC had earlier extended status quo order on the open offer of the IHH to acquire 26 per cent stake in Fortis to the next hearing.

A bench comprising Chief Justice Ranjan Gogoi and Justice Sanjiv Khanna said that it would accord final hearing in the case on Feb 26.

Post induction of additional nominee directors of IHH on the boards of the company, IHH prefers to align its auditors on a group wide basis

Daiichi argued on Friday that the IHH-Fortis deal would impact the enforcement of its arbitration award against the Singhs, according to on...

In July this year after a long bidding war, Fortis Healthcare was sold to IHH Health for Rs 4,000 crore.

IHH, which is taking charge of Fortis following a deal approved by the Competition Commission of India earlier this month, is expected to a...

Under the deal, the Malaysian company will pick a 31% stake at Rs 170 per share aggregating Rs 4,000 crore.

Munjals-Burmans combine which did not participate in the fresh round of bidding, also hoped that the Malaysian chain will bring its global ...

The IHH offer outbids the only other competing offer on the table from Manipal Hospitals-TPG expected at Rs 160-165/share.

IHH Healthcare Bhd and Manipal Health Enterprises are left in the fray for acquisition of Fortis Healthcare, ET reported.

In the ongoing tug off war between these deep-pocket bidders — IHH and TPG — the proposed valuation may shoot up well beyond Rs 185 a share.

IHH, one of Asia's largest healthcare operators, had bid Rs 160 per share to buy Fortis last week.

Share prices of Fortis on BSE dropped 12.96 per cent to close at Rs 172.30 on Friday following the development, while market cap eroded by ...

IHH is likely to use the funds for buying hospital assets in India, a strategy that annoyed Prathap Reddy family, the promoters of Apollo H...

The founders have stated in their petition that the proposed rights issue amounted to forcing the minority holders to buy shares, violating...