Friday, December 05, 2025 | 04:36 PM ISTहिंदी में पढें

Home / Markets / News / Sebi asks IHH Healthcare to get Delhi HC nod for Fortis open offer

Sebi asks IHH Healthcare to get Delhi HC nod for Fortis open offer

IHH indicated last week that it was ready to go ahead with the stalled open offer if the capital markets regulator allowed it

premium

IHH Healthcare had paid $1.1 billion to acquire its 31 per cent stake in a bidding process overseen by an independent board

Sohini Das Mumbai

3 min read Last Updated : Nov 17 2022 | 10:39 PM IST

India’s market regulator Securities and Exchange Board of India (Sebi) has asked Malaysia's IHH Healthcare Berhad to obtain an order from the Delhi High Court to allow the company to proceed with its proposed open offer for a 26.1 per cent stake in Fortis Healthcare, according to an exchange filing.

IHH indicated last week that it was ready to go ahead with the stalled open offer if the capital markets regulator allowed it.

"IHH wishes to announce that the Securities and Exchange Board of India has advised on 16th November 2022 that the open offers should be proceeded with after

Topics : SEBI Delhi High Court IHH Fortis healthcare BSE Securities and Exchange Board of India High Court capital market IHH IHH Healthcare Fortis Healhcare