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Sebi probes insider trading violation at Fortis Healthcare

Sebi is probing suspected insider trading by some institutional investors and other regulatory lapses at Fortis Healthcare amid a takeover battle and boardroom upheaval at the hospital chain

Press Trust of India  |  Delhi 

Fortis
Fortis

The (Sebi) is probing suspected insider trading by some institutional investors and other regulatory lapses at amid a takeover battle and boardroom upheaval at the hospital chain, officials said.

Apart from the probe that also includes investigation into suspected disclosure lapses, the and registrar of are also looking into alleged financial irregularities at Fortis and other promoter group entities including Religare, they added.

Fortis is in the midst of a heated takeover battle with five entities bidding for the company along with a upheaval at the boardroom, wherein several directors have been stepping down.

First Published: Wed, May 23 2018. 01:27 IST
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