IHH Healthcare makes open offer for Fortis Malar at Rs 60 per share

The offer was to acquire up to 4,894,308 fully paid-up equity shares with face value of Rs 10 each

The new owners of Fortis Healthcare Ltd (FHL) have launched an open offer for 26 per cent of Fortis Malar Hospitals Ltd’s shares, a step-down subsidiary of FHL, at Rs 60.1 per share.

Northern TK Venture Pvt Ltd (NTKV) together with IHH Healthcare Berhad and Parkway Pantai Ltd have made an open offer to public shareholders of Fortis Malar to acquire up to 4,894,308 fully paid-up equity shares with face value of Rs 10 each. 

This represents 26 per cent of the voting share capital of the target company, Fortis Malar said in a statement to the BSE on Wednesday. 

Fortis Malar stock