Fortis News
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.
Consolidated revenue from operations increased to Rs 1,184.15 crore from Rs 1,086.38 crore in the same quarter a year ago, Fortis Healthcare said in a filing to BSE.
Mauritius-based Fortis Healthcare International holds 28.89 percent stake in MSCL.
Fortis Healthcare has also asked the Securities and Exchange Board of India (Sebi) for a personal hearing on the matter.
A two-member bench of NCLT headed by its Chairman Justice M M Kumar Friday allowed Shivinder to withdraw his plea.
Shivinder also alleged that collective and ongoing actions of his elder brother and Godhwani led to a systemic undermining of the interests of companies and their shareholders.
The development follows the Fortis board forming an expert panel last week to evaluate binding offers and make the final recommendation by April 26.
The firm has landed in a controversy over alleged regulatory lapses in the transfer of funds to some promoter-linked companies.
The boy was shifted to a different hospital after Gurugram's Medanta Hospital made the family shell out a huge amount.
Fortis Healthcare has rejected charges of overpricing the medicines that it is giving to its patients.In a statement, it said, "Fortis Healthcare does not charge any drug or consumables above the printed MRP and there is No Violation of Drug Price Control Order. It should also be noted that our end price to the patient is very much in line with what other private hospitals in India charge."
The police complaint was registered two days after the state government removed Fortis from its list of empanelled hospitals.
The hospital billed them for 1,600 gloves, 660 syringes and sugar strips
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Ahead of the Budget, healthcare service providers including Apollo and Fortis , have sought incentive packages, including ten year tax holiday on hospital projects, saying it will encourage investments in the sector.
Former Samajwadi Party leader Amar Singh was on Monday admitted to a private hospital in New Delhi after he complained of uneasiness.
Fortis Healthcare on Tuesday said its Singapore arm has completed 100 per cent stake sale in RadLink for SGD 111 million (over Rs 530 crore) to Fullerton Healthcare Group.
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.
Bedi's appointment comes in the wake of resignation of Sandeep Puri from this post earlier this month.
Malaysia`s IHH Healthcare Bhd said on Friday it is buying Fortis` Singapore unit.
Hospital chain firm Fortis Healthcare on Tuesday said its Group Chief Financial Officer (CFO) Sandeep Puri has resigned from the company.
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