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Fortis Healthcare CEO Bhavdeep Singh steps down

The development comes nearly four months after the crisis-hit healthcare chain was acquired by Malaysia’s IHH Healthcare, which agreed to invest Rs 4,000 crore in it by way of preferential allotment..
Credit: IndiaTimes - Published

Fortis Healthcare posts quarterly loss

Indian hospital operator Fortis Healthcare Ltd, which is set to be acquired by Malaysia's IHH Healthcare Bhd, posted a quarterly loss due to impairment charges.
Credit: Reuters India - Published

Shivinder Singh moves NCLT against elder brother Malvinder Singh

Former Fortis Healthcare promoter Shivinder Singh said Tuesday he has moved the National Company Law Tribunal (NCLT) against elder brother Malvinder and ex-Religare chief Sunil Godhwani, while..
Credit: DNA - Published

Cash-strapped Fortis Healthcare sees signs of improvement

Cash-strapped Indian hospital operator Fortis Healthcare Ltd said on Tuesday it was starting to see some signs of recovery, as it secured shareholder approval for its takeover by Malaysia's IHH..
Credit: Reuters India - Published

Fortis Healthcare acquisition: Malaysian firm IHH's open offer to commence on 7 September

Earlier on 13 July, Fortis Healthcare board had approved Rs 4,000-crore offer from Malaysia's IHH Healthcare for 31.1 percent stake in it, valuing the cash-strapped firm at Rs 8,880 crore thus ending..
Credit: Firstpost - Published

Fortis board accepts IHH’s offer over TPG-Manipal’s

The board of cash-strapped Fortis Healthcare (FHL) on Friday recommended to its shareholders to accept the offer of Malaysian hospital major IHH Healthcare to invest Rs 4,000 crore in the company to..
Credit: IndiaTimes - Published

Malaysia's IHH Healthcare nears takeover of Fortis with $1.1 billion bid

Malaysia's IHH Healthcare Bhd is set to take control of India's Fortis Healthcare after its bid of up to $1.1 billion was chosen over a rival's, giving it ownership of over 30 hospitals amid a private..
Credit: Reuters India - Published

Fortis bid won by Malaysia's IHH Berhad, to invest Rs 4000 crore

Fortis Healthcare on Friday said its board has unanimously accepted a binding offer from IHH Healthcare Berhad of Malaysia to invest Rs 4,000 crore in it by way of preferential allotment at Rs 170 per..
Credit: Sify - Published

Fortis stake sale: Malaysia's IHH Healthcare wins race, to invest Rs 4,000 cr at Rs 170 per share

IHH Healthcare would infuse Rs 4,000 crore in Fortis through subscription to the preferential allotment at a price of Rs 170 per share.
Credit: Firstpost - Published

IHH Healthcare wins race for Fortis, to invest Rs 4,000 crore


Credit: IndiaTimes - Published

Fortis accepts $584 million stake deal from Malaysia's IHH Healthcare

Fortis Healthcare Ltd said on Friday it accepted an investment offer from Malaysia's IHH Healthcare Bhd, capping a months-long bidding war for control of the firm that drew interest from domestic and..
Credit: Reuters India - Published

Fortis board to meet on Friday to consider fund raising

The company had received binding bids from Malaysia's IHH Healthcare and Manipal-TPG combine on July 3, the last day of submission of fresh round of bids called by a newly constituted board.
Credit: IndiaTimes - Published

Fortis Healthcare gets fresh bids from IHH Healthcare, Manipal Health Enterprises-TPG Capital

Munjal-Burman stay away; IHH's binding offer valid till July 16
Credit: DNA - Published

Malaysia's IHH Healthcare submits fresh bid for cash-strapped Fortis' acquisition

Malaysia's IHH Healthcare Berhad on Tuesday said it has made a fresh binding offer to the board of Fortis Healthcare
Credit: Firstpost - Published

IHH Healthcare submits fresh bid for Fortis

The binding offer is valid till July 16, 2018, IHH Healthcare Berhad said in a regulatory filing.
Credit: Zee News - Published

Fortis scraps SRL, Malar amalgamation

Fortis Healthcare has put off the amalgamation of its subsidiaries Fortis Malar Hospitals Ltd and SRL Ltd with itself as it is faced with headwinds in the healthcare sector, a disappointing performance..
Credit: DNA - Published

Fortis short lists four bids to sell its hospital asset

Cash strapped Fortis Healthcare has short listed four bids to sell off its business. These four bids are from Hero Enterprise Investment Office-Burman Family Office, IHH Healthcare Berhad, Radiant Life..
Credit: DNA - Published

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