Fortis Healthcare Ltd

Last week, IHH and Fortis approached SEBI to proceed with the pending, mandatory takeover offer for the additional 26% stake in Fortis Healthcare

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If IHH Healthcare can bring in additional capital for growth, greenfield expansion or even acquisitions, Fortis Healthcare can grow even more

It remains fully committed to Fortis and India, says the Malaysian healthcare company

IHH seeks clarification from SEBI on proceeding with the mandatory open-offer for an additional 26% in Fortis

Experts concerned on the impact it would have on investment in healthcare

The apex court also refused to allow the open offer from Malaysia’s IHH Healthcare Bhd to proceed

The diagnostics business has seen a decline in volumes due to a higher Covid-led base in both Q1 and Q4 of FY22

Both the hospitals and the diagnostics business saw an impact in Q1 and Q4 of FY22 due to the pandemic

Observes Singh brothers siphoned off money through layers of transactions between January and May 2016

Non-Covid revenues contributed 98 per cent to overall hospital revenues

If SRL application gets approved, it could open the door for more private labs in genome sequencing efforts