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Page 3 - Fortis Healthcare

Singh brothers diverted funds despite court orders: Daiichi to SC

Senior advocate F S Nariman said that they reduced their stakes in Fortis Healthcare Holding from more than 40 per cent on August 11, 2017 to less than 1 per cent now

Singh brothers diverted funds despite court orders: Daiichi to SC
Updated On : 11 Apr 2019 | 9:43 PM IST

Fortis Healthcare looks to sell stake in Singapore-listed RHT trust

FHIL and Stellant are both wholly-owned subsidiaries of FHL

Fortis Healthcare looks to sell stake in Singapore-listed RHT trust
Updated On : 10 Apr 2019 | 2:01 AM IST

Fortis asks Sebi to arrest Singh brothers for failing to repay Rs 400 crore

The company earlier this month had requested the Securities and Exchange Board of India to use its legal authority to recover the money from Malvinder and Shivinder Singh

Fortis asks Sebi to arrest Singh brothers for failing to repay Rs 400 crore
Updated On : 25 Feb 2019 | 11:22 PM IST

SC refuses interim order on sale of Fortis shares; final hearing on Feb 26

The apex court was hearing the plea of Japanese firm Daiichi Sankyo which is seeking to recover Rs 3,500 crore, awarded to it by a Singapore tribunal in its case against Malvinder and Shivinder Singh

SC refuses interim order on sale of Fortis shares; final hearing on Feb 26
Updated On : 15 Feb 2019 | 10:52 PM IST

Ashutosh Raghuvanshi replaces Bhavdeep Singh as Fortis Healthcare CEO

Prior to joining Fortis, Raghuvanshi was associated with the Narayana Hrudayalaya group for over 18 years

Ashutosh Raghuvanshi replaces Bhavdeep Singh as Fortis Healthcare CEO
Updated On : 07 Feb 2019 | 7:59 PM IST

Fortis plea: Supreme Court defers hearing against stake sale to February 6

The Supreme Court on December 14 had ordered a status quo on an application moved by Daiichi Sankyo.

Fortis plea: Supreme Court defers hearing against stake sale to February 6
Updated On : 28 Jan 2019 | 10:12 PM IST

Fortis Healthcare inks pact with Citibank to avail a loan of Rs 1,100 crore

The loan agreement was executed on January 10, with certain CPs for disbursal being fulfilled on January 14

Fortis Healthcare inks pact with Citibank to avail a loan of Rs 1,100 crore
Updated On : 16 Jan 2019 | 1:46 AM IST

Fortis moves SC against stay on stake sale, claims 'great prejudice'

SC had ordered stay on sale of Fortis stake to IHH Healthcare Berhad

Fortis moves SC against stay on stake sale, claims 'great prejudice'
Updated On : 11 Jan 2019 | 10:33 PM IST

Fortis Healthcare appoints Shirish Moreshwar Apte as vice-chairman

Apte was appointed to the board of IHH Healthcare Berhad in September 2014, Fortis Healthcare said

Fortis Healthcare appoints Shirish Moreshwar Apte as vice-chairman
Updated On : 31 Dec 2018 | 6:59 PM IST

After IHH deal, Deloitte Haskins resigns as Fortis Healthcare's auditor

Move comes as IHH prefers to align its auditors on a group-wide basis

After IHH deal, Deloitte Haskins resigns as Fortis Healthcare's auditor
Updated On : 29 Dec 2018 | 10:21 PM IST

Fortis Healthcare case: Sebi modifies interim order against Singh brothers

Sebi has directed FHL and FHsL to recover dues from Malvinder Singh, Shivinder Singh, and seven others

Fortis Healthcare case: Sebi modifies interim order against Singh brothers
Updated On : 22 Dec 2018 | 12:27 AM IST

Recover Rs 4 bn from Singh brothers, 7 others in 90 days: Sebi to Fortis

RHC Holdings, Religare Finvest, Shivi Holdings, Malav Holdings, Best Healthcare, Fern Healthcare and Modland Wears are the other seven entities

Recover Rs 4 bn from Singh brothers, 7 others in 90 days: Sebi to Fortis
Updated On : 21 Dec 2018 | 9:35 PM IST

Investors seek Sebi intervention after IHH delays open offer for Fortis

The Malaysian firm has said it won't proceed with the Rs 33-bn open offer in Fortis Healthcare

Investors seek Sebi intervention after IHH delays open offer for Fortis
Updated On : 18 Dec 2018 | 10:12 PM IST

We remain committed to Fortis, says IHH Healthcare MD Tan See Leng

IHH had already made an infusion of '40 billion in Fortis last month to meet the hospital's immediate capital requirements

We remain committed to Fortis, says IHH Healthcare MD Tan See Leng
Updated On : 17 Dec 2018 | 1:45 AM IST

SC's status-quo order doesn't affect stake sale to IHH Healthcare: Fortis

Fortis also clarified that it was not a party to the judicial proceedings in which the SC order has been passed

SC's status-quo order doesn't affect stake sale to IHH Healthcare: Fortis
Updated On : 15 Dec 2018 | 8:21 PM IST

SC puts Fortis-IHH deal on hold as Daiichi alleges fresh encumbrances

Daiichi Sankyo has alleged that the Singh brothers and Indiabulls had created fresh encumbrances for nearly 1.7 million shares of the total 2.3 million shares

SC puts Fortis-IHH deal on hold as Daiichi alleges fresh encumbrances
Updated On : 15 Dec 2018 | 2:16 AM IST

Fortis Healthcare cracks 14% as SC puts sale to IHH on hold; recovers later

On a year-to-date (YTD) basis, the stock has slipped 5.5 per cent. At 11:35 am, the stock was trading at Rs 142.60, down 5.94 per cent.

Fortis Healthcare cracks 14% as SC puts sale to IHH on hold; recovers later
Updated On : 14 Dec 2018 | 12:25 PM IST

SC stalls Fortis sale over Daiichi's pleas against Singh brothers

Fortis Healthcare's shares fell by almost 14 per cent following the SC order putting the company's sale on hold

SC stalls Fortis sale over Daiichi's pleas against Singh brothers
Updated On : 14 Dec 2018 | 12:01 PM IST

Not liable for Singh brothers' actions: Fortis backs stake sale in Delhi HC

Fortis Healthcare on Monday said the hospital chain could not be held liable for actions of former promoters Malvinder and Shivinder Mohan Singh

Not liable for Singh brothers' actions: Fortis backs stake sale in Delhi HC
Updated On : 26 Nov 2018 | 10:14 PM IST

Fortis Healthcare takes a shot at moving the brand away from controversy

Even as the health care major begins life under a new owner, it has embarked on a brand-building exercise

Fortis Healthcare takes a shot at moving the brand away from controversy
Updated On : 22 Nov 2018 | 9:31 PM IST