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IHH plans to raise Fortis stake to 51%, expand capacity to 10K beds by 2031

Malaysia-based IHH Healthcare has announced plans to hike its stake in Fortis Healthcare to 51 per cent over the next three to five years and expand total capacity to around 10,000 beds by 2031. The statement follows the Supreme Court's decision on September 25, 2026, disposing of Fortis Healthcare's special leave petition (SLP) that challenged a Delhi High Court order requiring a forensic audit and certain observations made concerning the company. As per a BSE filing by Fortis Healthcare, an IHH statement said that it will "fully cooperate with the forensic audit" and expressed confidence that an independent review will objectively establish the facts surrounding its 2018 investment. Reaffirming its long-term commitment to the Indian market, IHH said it intends to deepen its footprint and ramp up investments. "Over the next three to five years, we plan to increase our stake in Fortis to 51 per cent, further integrate our Fortis and Gleneagles platforms, and expand our capacity to

IHH plans to raise Fortis stake to 51%, expand capacity to 10K beds by 2031
Updated On : 29 Sep 2026 | 7:30 PM IST

After 7 years, IHH finally gets Sebi go-ahead for Fortis open offer

In 2018, price was set at ₹170/share; Fortis Healthcare now trades at ₹980.10

After 7 years, IHH finally gets Sebi go-ahead for Fortis open offer
Updated On : 03 Oct 2025 | 11:15 PM IST

IHH inks Fortis-Gleneagles O&M deal to strengthen pan-India platform

Under the agreement, Fortis will manage operations of six Gleneagles hospitals and one clinic, earning a monthly fee and expanding its bed capacity and national presence

IHH inks Fortis-Gleneagles O&M deal to strengthen pan-India platform
Updated On : 23 Jul 2025 | 5:15 PM IST

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

IHH's move to seek increased damages may not affect Fortis expansion plans
Updated On : 21 May 2025 | 10:15 PM IST

IHH unit seeks $1.3 bn in damages from Daiichi Sankyo over Fortis deal

The latest petition filed by NTK seeks another 2.7 million rupees for losses arising from the unit's defamation claim against Daiichi Sankyo and accrued interest on the damages claimed

IHH unit seeks $1.3 bn in damages from Daiichi Sankyo over Fortis deal
Updated On : 20 May 2025 | 5:28 PM IST

IHH, Sunway among bidders for Affinity's Malaysian hospital: Report

Private equity firms CVC Capital Partners and TPG Capital also submitted initial bids, one of the sources said

IHH, Sunway among bidders for Affinity's Malaysian hospital: Report
Updated On : 20 Jun 2024 | 4:03 PM IST

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

Sebi asks IHH Healthcare to get Delhi HC nod for Fortis open offer
Updated On : 17 Nov 2022 | 10:39 PM IST

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

Stay committed to patients in India and Fortis Healthcare, says IHH
Updated On : 27 Sep 2022 | 9:21 PM IST

Expansion remains priority, await direction from SC on Fortis plea: IHH

The group had acquired a 31 per cent controlling stake in Fortis in 2018, which triggered a mandatory open offer to acquire another 26 per cent of Fortis shares from the market

Expansion remains priority, await direction from SC on Fortis plea: IHH
Updated On : 08 Feb 2021 | 10:53 PM IST

Sebi to tighten open offer norms, proposes 10% interest in case of delay

The market regulator said for share acquisition, bulk deals more transparent than off-market route

Sebi to tighten open offer norms, proposes 10% interest in case of delay
Updated On : 04 Feb 2020 | 12:42 AM IST

IHH in the driver's seat, analysts expect Fortis to recover in 3 quarters

IHH is planning to use the funds infused in Fortis to finance the Religare Health Trust acquisition

IHH in the driver's seat, analysts expect Fortis to recover in 3 quarters
Updated On : 16 Nov 2018 | 5:30 AM IST