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Malvinder Singh and Shivinder Singh resign from Fortis Healthcare board

Malvinder Singh resigns as executive chairman of Fortis Healthcare

Shivinder Singh, Malvinder Singh
premium

Shivinder Singh (left), Malvinder Singh

Press Trust of India New Delhi
Fortis Healthcare promoters Malvinder Mohan Singh and Shivinder Mohan Singh have resigned as directors from the company's board following the Delhi High Court order upholding the Rs 35-billion arbitral award in favour of Daiichi Sankyo.

The Singh brothers have jointly tendered their resignation to the Board of Fortis Healthcare, which will discuss it in the meeting on February 13, the company said in a filing to the BSE.

"Malvinder Mohan Singh, Executive Chairman and Shivinder Mohan Singh, Non-Executive Vice Chairman have tendered their resignation from the directorships of the company," Fortis Healthcare said.

The resignation is intended to free the organisation from any