Diabytes
Fortis Shares News
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Fortis in August 2018 had applied for reclassification of these promoters. Post reclassification, Northern TK Venture Pte Ltd remains the promoter of the firm with a 31.17 percent stake in the healthcare firm.
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Pointing to the reason for the delay in the open offer, IHH Healthcare said it was on account of the stay imposed on it by the Supreme Court in the contempt case filed by Daiichi Sankyo.
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Shares of Fortis Healthcare slumped nearly 13 percent on Friday after Malaysia's IHH Healthcare Berhad said it is not close to "concluding any negotiations" to buy controlling stake in the company.
Fortis Healthcare on Friday sold its Singapore hospital to Concord Medical Services (International) Pte Ltd for SGD 55 million (approx Rs 251 crore) in line with strategy to focus on the domestic market.
Malaysia`s IHH Healthcare Bhd said on Friday it is buying Fortis` Singapore unit.
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