News WrapGet Handpicked Stories from our editors directly to your mailbox

  • 542/542 TARGET 272
  • BJP+


  • CONG+


  • OTH


Fortis Healthcare

Fortis Healthcare International to offload stake in MSCL

Mauritius-based Fortis Healthcare International holds 28.89 percent stake in MSCL.

May 18, 2019, 17:57 PM IST

Sebi directs FHL, FHsL to recover Rs 403 cr from Singh brothers, 7 others

Singh brothers, erstwhile promoters of FHL, have also been asked not to associate themselves with the affairs of FHL and FHsL in any manner.

Mar 20, 2019, 12:49 PM IST

Fortis writes to Sebi for arrest of Singh brothers

Fortis Healthcare has also asked the Securities and Exchange Board of India (Sebi) for a personal hearing on the matter.

Feb 26, 2019, 15:27 PM IST

Fortis Healthcare appoints Shirish Moreshwar Apte as vice-chairman

It has also extended the last date for the acquisition of portfolio of assets of the Singapore-listed entity RHT Health Trust to March 26, 2019.

Dec 31, 2018, 17:53 PM IST

Yes Bank sells over 2% stake in Fortis Healthcare

Companies are required to inform the exchanges if the change in shareholding of an entity is over 2 percent.

Dec 19, 2018, 11:31 AM IST

Unable to proceed with Fortis open offer for time being: IHH Healthcare

The open offer for an additional 26 percent stake was scheduled to commence on December 18 and close on January 1, 2019 entailing a total sum of Rs 3,300 crore.

Dec 17, 2018, 13:01 PM IST

IHH acquires controlling 31.1% stake in Fortis for Rs 4,000 crore

The allotment has been done at Rs 170 per share.

Nov 13, 2018, 18:20 PM IST

Fortis Healthcare CEO Bhavdeep Singh quits

Singh has steered the organisation over the past three and a half years.

Nov 09, 2018, 15:48 PM IST

IHH Healthcare submits fresh bid for Fortis

The binding offer is valid till July 16, 2018, IHH Healthcare Berhad said in a regulatory filing.

Jul 03, 2018, 16:13 PM IST

Fortis Healthcare extends deadline of binding bids to July 3

In May, Fortis Healthcare had initiated a fresh time- bound bidding process for its sale after terminating the offer made by the Munjal-Burman combine.

Jun 29, 2018, 12:31 PM IST

Fortis Healthcare Q4 net loss widens to Rs 914 crore

The company had posted a net loss of Rs 37.52 crore for the corresponding period of the previous fiscal, Fortis Healthcare said in a BSE filing.

Jun 27, 2018, 12:20 PM IST

Fortis Healthcare extends deadline for submission of binding bids to June 28

Last month, Fortis Healthcare had initiated a fresh time-bound bidding process for its sale after terminating the offer made by the Munjal-Burman combine.

Jun 12, 2018, 11:30 AM IST

Munjals-Burmans combine give consent to re-open Fortis bidding process

The development comes at a time when there is an uncertainty over the process of sale of Fortis as four of the directors, who had approved the Munjals-Burmans bid, are no longer on the company's board.

May 28, 2018, 16:26 PM IST

Malaysia's IHH Healthcare extends validity of revised offer for Fortis

This week, the shareholders had voted out the fourth director, Brian Tempest, from the board in the extraordinary general meeting (EGM) held on May 22.

May 25, 2018, 15:39 PM IST

Fortis shareholders vote out Brian Tempest from Board

Three directors - Harpal Singh, Sabina Vaisoha and Tejinder Singh Shergill- had already resigned before the EGM.

May 23, 2018, 15:25 PM IST

Manipal, TPG swoop in with sweetened bid for Fortis

Fortis shares rose as much as 4.2 percent to 155 rupees on Tuesday, marking their biggest intraday percentage gain in nearly two weeks.

May 15, 2018, 12:30 PM IST

Fortis board opts for Munjal-Burman combine's bid

Fortis Healthcare had received binding offers from four entities - KKR-backed Radiant Life Care, IHH Healthcare, Manipal/TPG consortium, and Munjal and Burman family offices.

May 11, 2018, 09:44 AM IST

Manipal-TPG's new offer for Fortis, values it at Rs 8,358 crore

According to the offer from Manipal-TPG, the copy of which was filed with the stock exchange by Fortis, the former have also proposed to merge MHEPL into Fortis Healthcare (FHL) and have valued the latter at Rs 8,358 crore.

May 07, 2018, 10:17 AM IST

Manipal Health sweetens offer for Fortis again; values hospital biz at Rs 6,322 crore

The new offer from Manipal Health Enterprises (MHEPL) also proposes to arrange financial assistance of up to Rs 750 crore by way of debt financing or guarantees to lenders of FHL.

Apr 25, 2018, 13:16 PM IST

Malaysia's IHH makes binding offer to invest Rs 650 cr in Fortis

IHH had earlier made a non-binding offer to invest Rs 4,000 crore in Fortis at Rs 160 per share.

Apr 24, 2018, 18:04 PM IST