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Board of Fortis Healthcare approves scheme of arrangement

Health Medical Pharma

Capital Market 

At meeting held on 27 March 2018

The Board of Fortis Healthcare at its meeting held on 27 March 2018 has approved a Composite Scheme of Arrangement between the Company, Fortis Hospitals ('FHSL'), Fortis La Femme ('La Femme'), Manipal Health Enterprises ('MHEPL') and their respective shareholders and creditors under Sections 230-232 of the Companies Act, 2013 ('Act') and read with Sections 52 and 66 of the Act ('Scheme').

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Wed, March 28 2018. 09:27 IST