The Supreme Court on Thursday declined to allow Malaysia’s IHH Healthcare Bhd to proceed with an open offer to buy additional shares of Fortis Healthcare Ltd, triggering a rout in the Indian hospital operator’s stock. The top court also sent back to the Delhi high court a case relating to the sale of Fortis shares by its lenders to IHH …
The Supreme Court on Thursday directed the banks and financial institutions to place on record several documents to determine their role in alienation of Fortis Healthcare's shares through its deal with IHH healthcare, on or before 22nd Feb 2021. The Banks and Financial institutions have also been directed to provide the following documents relevant with regard to shareholding of Fortis …
