 "Fortis to be renamed Parkway to distance itself from Singh brothers")
Leading hospital chain Fortis Healthcare will now have a new name — Parkway, a brand that Malaysian health care major IHH owns. Its diagnostic arm SRL will also look for a new brand name and logo.
The current brand licence agreements will expire in April-May 2021. The company clarified that the change of name would be subject to requisite approvals and directions from the Supreme Court and other regulatory authorities. FHL aims to complete this process before next April.
The stock went up 2.4 per cent on the BSE after the announcement came in.
The company said it was ‘important’ to reinforce the
