 "IHH Healthcare makes open offer for Fortis Malar at Rs 60 per share")
The Delhi High Court has asked 55 entities, including the head of Radha Saomi Satsang Beas, to deposit all the amount they owe to Malvinder Mohan Singh and Shivinder Mohan Singh, the former promoters of Ranbaxy Laboratories and Fortis Healthcare, with the court’s registry within 30 days.
A single-judge Bench of Justice J R Midha has also asked the 55 garnishees not to “dispose of, alienate, encumber directly or indirectly or otherwise part with the possession of any assets to the tune of the amount mentioned”. The total amount of the assets is said to be around Rs 6000 crore.
