Page 4 - Fortis Healthcare

Fortis Healthcare drops plan to sell stake in RHT Health Trust, RHTTM

Since the process to explore the potential transaction was inconclusive, it was decided to close the bidding and search process

Fortis Healthcare back in black, reports Rs 135-crore profit in Q4

Fortis has said it is working on balance sheet strengthening through portfolio optimisation and non-core asset monetisation

Fortis Healthcare remains a critical asset for IHH's global plans

Malaysian firm building team in Fortis even as there is status quo on the deal

Allow IHH Healthcare to make an open offer: Fortis plea in Supreme Court

The open offer would have been triggered after IHH Healthcare bought a 31.1% stake in Fortis Healthcare for Rs 4,000 crore on November 13

Singh brothers diverted funds despite court orders: Daiichi to SC

Senior advocate F S Nariman said that they reduced their stakes in Fortis Healthcare Holding from more than 40 per cent on August 11, 2017 to less than 1 per cent now

Fortis Healthcare looks to sell stake in Singapore-listed RHT trust

FHIL and Stellant are both wholly-owned subsidiaries of FHL

Fortis asks Sebi to arrest Singh brothers for failing to repay Rs 400 crore

The company earlier this month had requested the Securities and Exchange Board of India to use its legal authority to recover the money from Malvinder and Shivinder Singh

SC refuses interim order on sale of Fortis shares; final hearing on Feb 26

The apex court was hearing the plea of Japanese firm Daiichi Sankyo which is seeking to recover Rs 3,500 crore, awarded to it by a Singapore tribunal in its case against Malvinder and Shivinder Singh

Ashutosh Raghuvanshi replaces Bhavdeep Singh as Fortis Healthcare CEO

Prior to joining Fortis, Raghuvanshi was associated with the Narayana Hrudayalaya group for over 18 years

Fortis plea: Supreme Court defers hearing against stake sale to February 6

The Supreme Court on December 14 had ordered a status quo on an application moved by Daiichi Sankyo.

Fortis Healthcare inks pact with Citibank to avail a loan of Rs 1,100 crore

The loan agreement was executed on January 10, with certain CPs for disbursal being fulfilled on January 14

Fortis moves SC against stay on stake sale, claims 'great prejudice'

SC had ordered stay on sale of Fortis stake to IHH Healthcare Berhad

Fortis Healthcare appoints Shirish Moreshwar Apte as vice-chairman

Apte was appointed to the board of IHH Healthcare Berhad in September 2014, Fortis Healthcare said

After IHH deal, Deloitte Haskins resigns as Fortis Healthcare's auditor

Move comes as IHH prefers to align its auditors on a group-wide basis

Fortis Healthcare case: Sebi modifies interim order against Singh brothers

Sebi has directed FHL and FHsL to recover dues from Malvinder Singh, Shivinder Singh, and seven others

Recover Rs 4 bn from Singh brothers, 7 others in 90 days: Sebi to Fortis

RHC Holdings, Religare Finvest, Shivi Holdings, Malav Holdings, Best Healthcare, Fern Healthcare and Modland Wears are the other seven entities

Investors seek Sebi intervention after IHH delays open offer for Fortis

The Malaysian firm has said it won't proceed with the Rs 33-bn open offer in Fortis Healthcare

We remain committed to Fortis, says IHH Healthcare MD Tan See Leng

IHH had already made an infusion of '40 billion in Fortis last month to meet the hospital's immediate capital requirements

SC's status-quo order doesn't affect stake sale to IHH Healthcare: Fortis

Fortis also clarified that it was not a party to the judicial proceedings in which the SC order has been passed

SC puts Fortis-IHH deal on hold as Daiichi alleges fresh encumbrances

Daiichi Sankyo has alleged that the Singh brothers and Indiabulls had created fresh encumbrances for nearly 1.7 million shares of the total 2.3 million shares