Fortis

Fortis in Bengaluru completes 500 robotic aided urology procedures

The 500 robot-aided surgeries include complex robotic procedures encompassing the entire gamut of Uro-Oncology, Uro-Gynaecology, Reconstructive Urology and Kidney Transplant

Ready to proceed with Fortis open offer after Sebi's nod: IHH Healthcare

Malaysia's IHH Healthcare on Friday said it is ready to proceed with its stalled open offer for 26.1 per cent stake in Fortis once capital markets regulator SEBI gives it a go-ahead. The company, which currently is the largest shareholder in Fortis with a 31.17 per cent stake, said it remains fully committed to Fortis and India. "We certainly understand the frustration Fortis investors have felt over the past four years around the uncertainty of the IHH open offer. With the recent Supreme Court judgement ruling making clear that we have conducted our investment into Fortis in a fair and transparent manner, we are discussing with Securities and Exchange Board of India (SEBI) to move ahead with the offer," IHH Healthcare Managing Director and CEO Kelvin Loh said in a statement. Should they concur and approve, IHH is ready to proceed with the open offer as soon as possible, he added. Loh said Fortis is IHH's key growth platform in India. "We are hopeful for a positive outcome so that

Supreme Court to hear bail plea of ex-Fortis promoter Malvinder Mohan Singh

The Supreme Court on Friday agreed to hear during the day itself a plea seeking grant of interim bail to former promoter of Fortis Healthcare Ltd Malvinder Mohan Singh in view of the critical condition of his wife. A bench comprising Chief Justice Uday Umesh Lalit and Justice Bela M Trivedi took note of the submissions of senior advocate Kailash Vasudev, appearing for Singh, that the plea be heard urgently as the condition of his wife is critical due to decrease in her platelet count The top court issued notice to the standing counsel of the Delhi government and posted the plea for hearing at 1 pm. Singh is presently lodged in Tihar jail in a case related to alleged misappropriation of funds at Religare Finvest Limited (RFL). In September this year, the Supreme Court awarded a six-month jail term to Singh in a contempt case related to the sale of shares of Fortis to Malaysia-based IHH Healthcare.

Top headlines: Fortis shares tank on SC verdict; Rupee hits new low

The rupee closed at a record low of 80.86 to the dollar, down from 79.9750 in the previous session

Fortis launches workplace mental health programme to deal with distress

Initiative provides counselling, webinars to create a culture of openness and acceptance about mental health and real-time text chat support by a team of psychologists

US-based trust files suit against Fortis, others; seeks $6.5 bn in damages

Fortis Healthcare on Monday said a US-based entity has filed a suit against it and various others, including IHH Healthcare Berhad

Delhi HC asks Fortis to file genome test report of Omicron positive youth

A vacation bench of Justice Anu Malhotra issued notice to Fortis Hospital at Vasant Kunj and also asked it to again conduct RT-PCR test on the 18-year-old student

Fortis to add 1,300 new beds in existing facilities in the next 2-3 years

Company to also launch a digital solution for all healthcare needs and plans to rope in partners

Fortis Hospital inaugurates 250-bed multispecialty facility in Chennai

Fortis already operates a 170-bed multispecialty hospital in the city

Fortis slips into red in Q1, posts loss before tax of Rs 208.26 crore

Total income during the quarter fell by 47 per cent to Rs 610 crore

Fortis Q3 net loss narrows to Rs 69.32 cr on good show in hospital business

The third quarter of 2019-20 continues to witness earnings growth with margin expansion in the hospitals business

RFL case: ED arrests ex-Fortis Healthcare promoter Malvinder Singh

ED took the accused in its custody inside the Tihar central jail here

Ex-Fortis promoters Malvinder, Shivinder sent to 14-day judicial custody

The Singh brothers had moved a bail plea which will be heard later along with that of Arora tomorrow

Delhi cops register case against Fortis' Singh brothers for siphoning funds

FIR against Singh brothers, Godhwani, others for misappropriation of funds, forgery, criminal conspiracy

Fortis Healthcare posts Rs 180 crore net loss for December quarter

Net profit for the third quarter of this fiscal year was primarily impacted by exceptional losses

SC order won't impact stake sale as Singh brothers not part of firm: Fortis

Fortis further clarified the order does not impact the preferential allotment made to Northern TK Ventures by Fortis on Nov 13, in accordance with the applicable law

IHH open offer for 26% stake in Fortis Healthcare to commence on Dec 18

Earlier on November 13, Fortis Healthcare said it had issued 235.3 million equity shares through preferential allotment to IHH Healthcare Berhad for around Rs 40 billion

Daiichi moves contempt plea against Singh brothers in Supreme Court

Daiichi plea argues Singh brothers, Indiabulls created share encumbrances in violation of apex court order.

IHH Healthcare to use one of its brands for Fortis, says CEO Tan See Leng

Mount Elizabeth, Gleneagles, Parkway and Pantai are some of the well-known IHH brands in Asia

Fortis board approves appointment of four nominees of IHH Healthcare

The board also approved the allotment of Rs 230 million equity shares through preferential issue to Northern TK Ventures