News WrapGet Handpicked Stories from our editors directly to your mailbox

Malvinder Singh

Received approval from BSE, NSE for reclassification of promoters: Fortis Healthcare

Fortis in August 2018 had applied for reclassification of these promoters. Post reclassification, Northern TK Venture Pte Ltd remains the promoter of the firm with a 31.17 percent stake in the healthcare firm.

Jun 04, 2019, 10:21 AM IST

SC asks ex-Ranbaxy promoters to apprise how they'll comply with Rs 3500 cr arbitral award

The bench asked the Singh brothers to appear before it on March 28 and submit the plan.

Mar 14, 2019, 12:03 PM IST

NCLT allows Shivinder to withdraw plea against elder brother Malvinder

A two-member bench of NCLT headed by its Chairman Justice M M Kumar Friday allowed Shivinder to withdraw his plea.

Sep 14, 2018, 17:29 PM IST

Fortis probe finds systemic lapses, moves to recover Rs 500 cr from Singh brothers

Singh brothers had resigned as directors from Fortis board in February this year following the Delhi High Court order upholding the Rs 3,500 crore arbitral award in favour of Daiichi Sankyo.

Jun 28, 2018, 14:17 PM IST

Daiichi-Ranbaxy row: Delhi HC orders attachment of assets

The court also restrained RHC Holdings from operating its bank accounts except for payment of salaries and statutory dues till March 23.

Feb 26, 2018, 23:03 PM IST

SC rejects Ranbaxy promoters' petition to challenge HC ruling in favour of Daiichi Sankyo

Ranbaxy Laboratories Ltd had allegedly concealed information about proceedings against them by American food and drug department.

Feb 16, 2018, 12:26 PM IST

Fortis Healthcare shares slump 13%; mcap dips by Rs 1,315 crore

Shares of Fortis Healthcare slumped nearly 13 percent on Friday after Malaysia's IHH Healthcare Berhad said it is not close to "concluding any negotiations" to buy controlling stake in the company.

Jun 23, 2017, 17:05 PM IST

Former Ranbaxy promoters fined Rs 3,500 crore, not Rs 2,562 crore: Daiichi

Just a day after new about former Ranbaxy promoters Malvinder Singh and Shivinder Mohan Singh getting fined in tune of Rs 2,562 crore by an arbitration court in Singapore as a punishment for hiding facts from the buyers Daiichi Sankyo, the Japanese company has claimed that the fine amount is about Rs 3,500 crore.

May 07, 2016, 09:00 AM IST

Fortis' Shivinder Singh to step down; to join Radha Soami Satsang Beas

Fortis Healthcare Executive Vice-Chairman Shivinder Mohan Singh is stepping down from his position to join a philosophical and spiritual organisation Radha Soami Satsang Beas headquartered near Amritsar.

Sep 23, 2015, 13:55 PM IST

Fortis sells Singapore facility to Fullerton for $83.5 mn

Leading healthcare delivery provider Fortis on Monday announced sale of its Singapore-based healthcare services facility RadLink-Asia Pte Ltd to Fullerton Healthcare group for $83.5 million (Rs.531 crore).

May 04, 2015, 23:00 PM IST

Daiichi Sankyo's allegations false & baseless: Malvinder Singh

Ranbaxy rebutted the allegations saying they did not misrepresent any facts or falsify any data.

May 24, 2013, 09:04 AM IST

Fortis Health nears close of Singapore buy

Fortis India's shares have plunged about 40 percent since the deal was announced.

Dec 20, 2011, 00:15 AM IST

Fortis posts Rs 12.59 cr loss for Q2

The company had posted a net profit of Rs 74.78 crore for the corresponding period last year, Fortis Healthcare (India) said in a statement.

Nov 14, 2011, 16:35 PM IST

Fortis says to buy overseas arm for $665 mln

Fortis Healthcare to buy Singapore-based sister firm Fortis Healthcare International for $665 million.

Nov 01, 2011, 13:36 PM IST

Fortis Healthcare to buy Fortis International: Chairman

Hospital chain Fortis Healthcare (India) Ltd will buy Singapore-based sister firm Fortis Healthcare International in a move to bring all of the group's health businesses under one firm, group Chairman Malvinder Singh said.

Sep 19, 2011, 11:41 AM IST