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Healthcare

SEBI asks Fortis Healthcare to recover Rs 403 crore from founders, eight firms

Updated : October 19, 2018 06:38 AM IST

SEBI will carry out a detailed investigation, but said it was issuing an interim order to protect the interests of Fortis Healthcare shareholders and prevent any further "deterioration" of company funds or assets.
It also barred the Singh brothers and the firms from selling any assets or from diverting any funds except for meeting daily expenses till such a probe was completed.
SEBI asks Fortis Healthcare to recover Rs 403 crore from founders, eight firms
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