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Fortis Healthcare Ltd.: Fortis subsidiary Escorts Heart Institute receives SEBI notice in funds diversion case


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NEW DELHI: Fortis Healthcare on Friday said its subsidiary, Escorts Heart Institute and Research Center Ltd, has received a notice from capital markets regulator SEBI in the matter related to the alleged diversion of funds from the company by its erstwhile promoters. SEBI has issued a notice under Rule 4 of SEBI (Procedure for holding inquiry and imposing penalties) Rules, 1995 read with Section 15-I of Securities and Exchange Board of India Act, 1992 in the matter of Fortis Healthcare Limited to, among others, Escorts Heart Institute and Research Center Limited (EHIRCL), Fortis Healthcare said in a regulatory filing.
Fortis Healthcare on Friday said its subsidiary, EHIRCL, received the notice on April 15, 2021. ....

Research Center Limited , Ventures Pte Ltd , Heart Institute , Research Center Ltd , Exchange Board Of India , Fortis Healthcare , Escorts Heart Institute , Exchange Board , India Act , Fortis Healthcare Limited , Pte Ltd , Fortis Healthcare Ltd , Ihh Healthcare Berhad , முயற்சிகள் ட் லிமிடெட் , இதயம் நிறுவனம் , ஆராய்ச்சி மையம் லிமிடெட் , பரிமாற்றம் பலகை ஆஃப் இந்தியா , கோட்டை சுகாதாரம் , எஸ்கார்ட்ஸ் இதயம் நிறுவனம் , பரிமாற்றம் பலகை , இந்தியா நாடகம் , கோட்டை சுகாதாரம் வரையறுக்கப்பட்டவை , ட் லிமிடெட் , கோட்டை சுகாதாரம் லிமிடெட் ,

Committed to growing Fortis: IHH Healthcare - The Hindu BusinessLine


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. ....

Daiichi Sankyo , Kelvin Loh , Supreme Court , Fortis Healthcare , Managing Director , Continental Hospitals , Fortis Hospitals , Ihh Healthcare Berhad , Malvinder And Shivinder Singh , Fortis Promoters , தய்ச்சி சாங்கியோ , கெல்‌விந் லோ , உச்ச நீதிமன்றம் , கோட்டை சுகாதாரம் , நிர்வகித்தல் இயக்குனர் , கண்டம் மருத்துவமனைகள் , கோட்டை மருத்துவமனைகள் , கோட்டை ப்ரமோடர்ஸ் ,