Page 2 - Fortis Healhcare

Fortis Healthcare case: Sebi slaps Rs 38.7-cr penalties on 32 entities

Capital markets regulator Sebi has imposed penalties totalling Rs 38.75 crore on 32 entities, including Fortis Healthcare Holdings, in a case related to diversion of funds of Fortis Healthcare Ltd (FHL) and misrepresentations to conceal the fraud. The matter goes way back to 2018 when a media report came out that the promoters of the listed FHL had allegedly taken massive funds out of the listed company. It had also pointed out that Deloitte Haskins & Sells LLP, the statutory auditor of FHL, had refused to sign on the company's second quarter results until the funds were accounted for. Subsequently, the regulator had initiated an investigation into the matter to examine possible violation of the provisions of the PFUTP (Prohibition of Fraudulent and Unfair Trade Practices). It conducted a probe into the matter of grant of Inter-Corporate Deposits (ICDs) to three borrower companies -- Best Healthcare Private Limited, Fern Healthcare Private Limited, and Modland Wears Private ...

Fortis case: Sebi slaps Rs 24 cr penalties on Singh brothers, 7 entities

Passing a 109-page final order, the watchdog has slapped a fine of Rs 5 crore each on the two Singh brothers besides Rs 2.5 crore on RHC Holding Pvt Ltd

Fortis Healthcare matter: Former official settles case with Sebi

Vishal Bali, a former official at Fortis Hospitals, settled with Sebi a case pertaining to allegedly aiding in the diversion of public shareholders' funds for the benefit of the promoters of Fortis

Sebi disposes of proceedings against Fortis Healthcare's statutory auditor

Markets regulator Sebi has disposed of proceedings against statutory auditor of Fortis Healthcare in a matter pertaining to its alleged role in diversion of funds.

Fortis posts Q1 profit of Rs 430 cr on revenue growth, exceptional gain

Revenue grows 132% in Q1FY22, with that from diagnostics putting up the best show

Nifty outlook & weekly stock picks by Vinay Rajani of HDFC Securities

The markets are expected to remain range-bound and choppy unless the range of 15,550-15,950 is taken out on the either side in Nifty

Only 0.05% fully vaccinated healthcare workers got severe Covid: Fortis

Study covered over 16,000 healthcare workers across Fortis hospitals in India

Street signs: Coffee stocks in demand, Mitsui-IHH deal, and more

Last week, Bloomberg reported that Mitsui was teaming up with private equity players to make an $11-billion bid for IHH

Amid supply crunch, private hospitals eyeing import of Covid-19 vaccines

Two major hospital groups, Apollo Hospitals and Fortis Healthcare, said they are open to exploring opportunities to import

Delhi court junks interim bail plea of Malvinder Singh in PMLA case

The accused had expressed apprehension that he may contract Covid-19 infection in the Tihar jail

Delhi: Covid-19 vaccination for 18-45 age group to begin from Monday

The third and the largest phase of vaccination, under which beneficiaries in the 18-45 age group will be given jabs against coronavirus, will begin here on Monday

Escorts Heart Institute receives Sebi notice in funds diversion case

Fortis Healthcare on Friday said its subsidiary, EHIRCL, received the notice on April 15, 2021

Fortis Escorts Heart Institute receives Sebi notice in funds diversion case

Fortis Healthcare on Friday said its subsidiary, Escorts Heart Institute, has received a notice from SEBI in the matter related to the alleged diversion of funds by its erstwhile promoters

Jhunjhunwala trims stake in Titan, 2 others in Q4; buy Fortis Healthcare

During the March quarter of the financial year 2020-21 (Q4FY21), Rakesh Jhunjhunwala offloaded a 0.26 percentage point stake, or 2.25 million shares, in Titan Company

Nifty outlook and weekly stock picks by Vinay Rajani of HDFC Securities

The primary trend of the markets is bullish as short term moving averages are trading above medium to long term moving averages and Nifty has been holding higher tops and higher bottoms

Expansion remains priority, await direction from SC on Fortis plea: IHH

The group had acquired a 31 per cent controlling stake in Fortis in 2018, which triggered a mandatory open offer to acquire another 26 per cent of Fortis shares from the market

Fortis Healthcare posts Rs 53.88 cr net profit for December quarter

Fortis Healthcare on Friday reported a consolidated net profit of Rs 53.88 crore for Dec quarter, mainly on account of robust performance of its diagnostics segment and reduction in expenses

SAT dismisses Shivinder Singh's plea against Sebi's loan recall order

SAT said Singh was a director and promoter in both the companies when the alleged diversion of funds took place

MARKET WRAP: Sensex gains 173 pts as auto, IT, and metal stocks advance

All that happened in the markets today

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