 "Fortis Healthcare")
Fortis Hospitals Limited on Thursday approached the Supreme Court urging it to allow Malaysia's IHH Healthcare to make an open offer to shareholders for purchase of Fortis shares, in line with norms of the Securities and Exchange Board of India (SEBI). In its pleadings before the top court on Thursday, Fortis said that the open offer was the right of the shareholders and that should not be undermined especially since the former promoters of Fortis Healthcare, Shivinder Mohan Singh and Malvinder Mohan Singh no longer held a controlling stake in the company.
The open offer would have been triggered after
