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Stay committed to patients in India and Fortis Healthcare, says IHH

Taking legal advice on next steps to pursue open offer for 26% stake in Fortis

Fortis Healthcare
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Last week the Supreme Court awarded six months jail to brothers Malvinder Singh and Shivinder Singh in the Daiichi-Fortis case and ordered a forensic audit of the Fortis-IHH deal.

Sohini Das Mumbai
The largest shareholder in Fortis Healthcare, IHH Healthcare on Tuesday informed the Malaysian bourses that they remained committed to the hospital chain and patients in India. 

"IHH remains as Fortis’ largest shareholder with a 31.1 per cent stake, and the judgment does not in any way alter our commitment to growing our healthcare operations and serving patients in India..." it said in a stock exchange notification. It added that IHH was obtaining further advice and was in discussions with relevant authorities for the mandatory tender offer to acquire an additional 26.1 per cent stake in Fortis. “IHH is obtaining further advice

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First Published: Sep 27 2022 | 9:21 PM IST

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