You are here: Home » Companies » News
Business Standard

Fortis plea: Supreme Court defers hearing against stake sale to February 6

The Supreme Court on December 14 had ordered a status quo on an application moved by Daiichi Sankyo.

BS Reporter 

Supreme Court of India
Supreme Court of India

The (SC) on Monday deferred to February 6 a hearing in Fortis Hospital's appeal seeking modification of a December 14 order in which the top court had directed a stay on the stake sale of the hospital chain to IHH Healthcare Berhad, Malaysia.

The on December 14 had ordered a status quo on an application moved by Daiichi Sankyo.

In its petition before the SC, Daiichi-Sankyo had alleged that the Singh brothers and Indiabulls had created fresh encumbrances for nearly 1.7 million shares of the total 2.3 million shares that were left after the top court’s order. Of these, while Indiabulls had created encumbrances for 1.2 million shares, the rest had either been created by Singh brothers or third parties.

.

First Published: Mon, January 28 2019. 22:12 IST
RECOMMENDED FOR YOU