Page 2 - Fortis

Nimmi Singh: Back after 12 yrs to raze another wall between Singh brothers

The Singh brothers' mother is not a public person. If you Google her name, the last information you will find dates back to 2006

Fortis posts Rs 530 mn net loss in Q1, consolidated income at Rs 10.42 bn

Fortis stock closed 0.86 per cent at Rs 146.05 on BSE

Fortis shareholders clear stake sale to IHH Healthcare with 99% majority

They have also approved by 99.99 per cent votes to reclassify members of promoter/promoter group to public shareholder category and classification of Northern TK Venture Pvt Ltd as a promoter

Fortis accepts Rs 40-bn investment offer from IHH at Rs 170 per share

IHH said in a statement it expects the deal to be completed in the fourth quarter and does not expect it to have any material effect on profits for the year ending December 31

IHH Healthcare submits fresh bid for Fortis, offer valid till July 16

Cash-strapped Fortis Healthcare had set July 3 as the deadline for the submission of the fresh binding bids

Munjal-Burman combine withdraws Fortis offer, gives consent for rebid

The move paves the way for the board to call for fresh bids in its next meeting on Wednesday.

Fortis faces MCA probe; Director General to look into mismanagement charges

Three directors nominated by promoters quit the company's board a day ahead of EGM on May 22

Fortis: Why are four directors installed by Singhs still hanging around?

The four directors' joint note saying they're working in the best interests of all shareholders rings hollow

Independent director quits Fortis board ahead of stakeholders meet

His resignation comes ahead of the crucial stakeholders' meeting to be held on May 22

Fortis directors deny allegations, say all decisions in companies' interest

Denying allegations of failure to 'maintain corporate governance' the four directors said that they decided to consider only the binding bids, considering the immediate financial needs of the company

Fortis appoints Arpwood Capital as financial advisor for the deal

The firm will act as financial advisor to the Board of Directors of the Company

Fortis board to meet on May 10 to decide on binding bids

The board has decided that the EAC will consist of two members - Deepak Kapoor and Lalit Bhasin

Clouds over Fortis Healthcare keep suitors from making higher bids

Fortis is evaluating offers from domestic and international firms including Malaysia's IHH Healthcare BHD

Fortis has not been doing well in the last 12-18 months: CEO Bhavdeep Singh

He added that they haven't been able to focus on the business due to an internal issue, especially with regard to the promoters

Investigation going on priority basis in Fortis, Religare matter: Sebi

Serious Fraud Investigation Office (SFIO) has also initiated a probe into the alleged financial irregularities at the two companies

Trying to get Fortis back on track, not going anywhere: Singh brothers

Fortis is being compared to Satyam, which the company vehemently denies

Restructuring, business growth boost for Fortis' investors

Value unlocking from diagnostic business the biggest near-term trigger for the stock

Fortis mulls use of drones for heart transplants

The Fortis hospital is planning to collaborate with IIT-Bombay to employ drones

Fortis says is in talks with investors for SRL

Fortis Healthcare today said it is in talks with a number of investors to facilitate an exit by the existing PE investors from the company's diagnostic arm SRL. "The company is in the process of facilitating a third-party exit for the existing private equity investors in SRL Ltd," Fortis Healthcare said in a filing to BSE. The process is on and the company is in dialogue with a number of investors who have evinced interest, it added. "As on date, there is no firm proposal under consideration of the management," Fortis Healthcare said. It, however, did not elaborate. The stock of Fortis Healthcare today closed at Rs 174.90 on BSE, up 11.72 per cent from its previous close.

Fortis Healthcare says in talks with investors for pathology chain SRL

The healthcare chain is talking to investors to facilitate the exit of current SRL PE investors