IHH's move to seek increased damages may not affect Fortis expansion plans

Analysts say IHH's reputational harm claim in Japan won't impact Fortis's Indian operations; litigation continues over stalled open offer and regulatory hurdles

Fortis Healthcare is unlikely to be affected by Malaysian health care giant IHH’s move to seek around ₹11,800 crore in damages from Daiichi Sankyo for allegedly blocking its bid for the Delhi-based entity, according to analysts and experts. 

 

Keyur D Gandhi, managing partner at Gandhi Law Associates, said the damages claimed in a Japanese court were primarily about causing harm to reputation and a loss of opportunity, and, therefore, the impact on Fortis Healthcare’s Indian operations was likely to be indirect rather than operational. 

 

“If IHH succeeds in proving that Daiichi’s objections were frivolous or malicious, it could strengthen its