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ihh healthcare

Fortis Healthcare posts Q4 net profit of Rs 151 cr

Consolidated revenue from operations increased to Rs 1,184.15 crore from Rs 1,086.38 crore in same quarter a year ago.

25 May 2019 2:42 PM

Delay in offer: IHH says it 'understands concerns' of Fortis' minority shareholders

The delay is due to the stay imposed on the open offer by the Supreme Court of India in the contempt case filed by Daiichi Sankyo.

24 May 2019 3:23 PM

IHH assumes control of Fortis, board approves Rs 4,000 cr preferential allotment

The board also approved the appointment of four IHH nominees on Fortis board.

14 Nov 2018 10:48 AM

To appoint external agency to scrutinise internal controls: Fortis Healthcare

In July, Malaysia's IHH Healthcare had won the race to take control of Fortis with plans to immediately invest Rs 4,000 crore.

04 Sep 2018 5:28 PM

Fortis EGM on Aug 13 to seek shareholders nod for stake sale to IHH

IHH Healthcare is expected to shell out a total of Rs 7,300 crore to acquire 57.1 per cent stake.

19 Jul 2018 6:31 PM

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

Malaysian firm will make a mandatory open offer to public shareholders for 26 pc of the outstanding shares post issuance.

13 Jul 2018 8:49 AM

Fortis board to meet on Friday to consider fund raising

It, however, did not disclose details of the quantum of funds to be raised.

11 Jul 2018 3:15 PM

IHH Healthcare submits fresh bid for Fortis

The company had earlier scrapped its decision to opt for the offer by the Munjal-Burman combine to invest Rs 1,800 crore in the company.

03 Jul 2018 5:19 PM

Fortis Healthcare shortlists 4 entities for stake sale

Earlier this week, Fortis Healthcare initiated a fresh time-bound bidding process for its sale.

01 Jun 2018 4:05 PM

Fortis Healthcare initiates fresh bidding process for sale

As per the latest timeline, binding bids should be submitted on June 14 between 8.30 am to 9.30 am.

29 May 2018 5:24 PM

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Malaysia's IHH Healthcare extends validity of revised offer for Fortis

Fortis' board of directors is scheduled to meet on May 30 to consider and approve the audited financial results.

25 May 2018 3:49 PM

Fortis receives revised offer from Malaysia's IHH at Rs 175 per share

Fortis Healthcare board will meet on May 10 to take a decision on the binding bids for the company.

01 May 2018 12:08 PM

Malaysia's IHH makes binding offer to invest Rs 650 cr in Fortis

IHH has also demanded that it be given the right to appoint two directors on the board of Fortis.

24 Apr 2018 5:56 PM

Malaysia's IHH says Fortis board declines to engage on takeover offer

Some of Fortis’s minority shareholders are dissatisfied with the Manipal offer.

16 Apr 2018 12:17 PM

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