IHH Healthcare Bhd has reiterated its commitment to continuing growing its 31%-owned associate Fortis Healthcare Ltd ahead of the hearing tomorrow (Feb 10) at the Supreme Court of India on whether IHH can be allowed to proceed with its open offer to acquire additional shares representing another 26% stake in Fortis.
Supreme Court to hear IHH Healthcare s open offer for 26% additional stake in Fortis on February 10
The apex court blocked the open offer on a plea filed by Japanese drugmaker Daiichi Sankyo, which is trying to enforce a Rs 3,500 crore arbitration award it won in a Singapore tribunal against Fortis’ erstwhile promoters, brothers Malvinder Singh and Shivinder Singh. February 08, 2021 / 06:12 PM IST
Fortis Healthcare | The company posted consolidated profit at Rs 53.88 crore in Q3FY21 against loss of Rs 69.3 crore in Q3FY20, revenue rose to Rs 1,177 crore from Rs 1,169 crore YoY.
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