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.
Committed to growing Fortis: IHH Healthcare
February 08, 2021
Supreme Court hearing on Fortis open-offer case later this week As the Fortis Healthcare case comes up at the Supreme Court, IHH Healthcare Berhad said it was committed to growing the Indian hospitals network in which it had acquired a controlling stake in 2018.
Legal tangles
The IHH statement comes ahead of the apex court hearing (February 10) on whether IHH can proceed with its open offer to acquire additional shares in Fortis. 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. The open offer, though, could not proceed due to ongoing legal proceedings pending before the Court, the Malaysia-headquartered IHH said.
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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Fake doctor nabbed
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The accused was Registered Medical Practitioner
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The accused was Registered Medical Practitioner
A registered medical practitioner was arrested on Monday by KPHB Colony police of Cyberabad for posing as a medical doctor without mandatory qualification.
Mangum Kiran Kumar, 48, of Bheemili in Visakhapatnam, practised as a medical doctor at different hospitals at Rajam, Bhimavaram and Amalapuram in Andhra Pradesh.
He forged the medical certificates of Dr. Kiran Kumar Mukku, 38, a consultant nephrologist at Continental Hospitals, after the accused found the certificates on the internet in 2016. Dr. Mukku is a resident of Malaysian Township, KPHB Colony.
Updated Feb 03, 2021 | 09:11 IST
The efficacy of Covid-19 vaccines can also vary in patients with distinct contexts of malignant disease. Doctors believe the benefits of vaccination seem to outweigh the risks. Cancer patients too can take COVID-19 vaccines, say oncologists | Photo Credit: iStock Images
Hyderabad: Cancer patients too can take the Covid-19 vaccine, but under medical supervision, cancer specialists said ahead of the World Cancer Day on February 4. Though few patients with cancer were included in the vaccine trials, they said that going by various studies, vaccines look safe for cancer patients.
At a time when several countries, including India, have started the Covid vaccination drive, cancer patients, one of the vulnerable groups, are waiting to hear if they can also take the jab.