Page 2 - Fortis

IHH open offer for 26% stake in Fortis Healthcare to commence on Dec 18

Earlier on November 13, Fortis Healthcare said it had issued 235.3 million equity shares through preferential allotment to IHH Healthcare Berhad for around Rs 40 billion

Daiichi moves contempt plea against Singh brothers in Supreme Court

Daiichi plea argues Singh brothers, Indiabulls created share encumbrances in violation of apex court order.

IHH Healthcare to use one of its brands for Fortis, says CEO Tan See Leng

Mount Elizabeth, Gleneagles, Parkway and Pantai are some of the well-known IHH brands in Asia

Fortis board approves appointment of four nominees of IHH Healthcare

The board also approved the allotment of Rs 230 million equity shares through preferential issue to Northern TK Ventures

Nimmi Singh: Back after 12 yrs to raze another wall between Singh brothers

The Singh brothers' mother is not a public person. If you Google her name, the last information you will find dates back to 2006

Fortis posts Rs 530 mn net loss in Q1, consolidated income at Rs 10.42 bn

Fortis stock closed 0.86 per cent at Rs 146.05 on BSE

Fortis shareholders clear stake sale to IHH Healthcare with 99% majority

They have also approved by 99.99 per cent votes to reclassify members of promoter/promoter group to public shareholder category and classification of Northern TK Venture Pvt Ltd as a promoter

Fortis accepts Rs 40-bn investment offer from IHH at Rs 170 per share

IHH said in a statement it expects the deal to be completed in the fourth quarter and does not expect it to have any material effect on profits for the year ending December 31

IHH Healthcare submits fresh bid for Fortis, offer valid till July 16

Cash-strapped Fortis Healthcare had set July 3 as the deadline for the submission of the fresh binding bids

Munjal-Burman combine withdraws Fortis offer, gives consent for rebid

The move paves the way for the board to call for fresh bids in its next meeting on Wednesday.

Fortis faces MCA probe; Director General to look into mismanagement charges

Three directors nominated by promoters quit the company's board a day ahead of EGM on May 22

Fortis: Why are four directors installed by Singhs still hanging around?

The four directors' joint note saying they're working in the best interests of all shareholders rings hollow

Independent director quits Fortis board ahead of stakeholders meet

His resignation comes ahead of the crucial stakeholders' meeting to be held on May 22

Fortis directors deny allegations, say all decisions in companies' interest

Denying allegations of failure to 'maintain corporate governance' the four directors said that they decided to consider only the binding bids, considering the immediate financial needs of the company

Fortis appoints Arpwood Capital as financial advisor for the deal

The firm will act as financial advisor to the Board of Directors of the Company

Fortis board to meet on May 10 to decide on binding bids

The board has decided that the EAC will consist of two members - Deepak Kapoor and Lalit Bhasin

Clouds over Fortis Healthcare keep suitors from making higher bids

Fortis is evaluating offers from domestic and international firms including Malaysia's IHH Healthcare BHD

Fortis has not been doing well in the last 12-18 months: CEO Bhavdeep Singh

He added that they haven't been able to focus on the business due to an internal issue, especially with regard to the promoters

Investigation going on priority basis in Fortis, Religare matter: Sebi

Serious Fraud Investigation Office (SFIO) has also initiated a probe into the alleged financial irregularities at the two companies

Trying to get Fortis back on track, not going anywhere: Singh brothers

Fortis is being compared to Satyam, which the company vehemently denies