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Sebi directs Fortis Healthcare, 7 others to continue steps to recover Rs 403 crore from Singh brothers

Updated : March 19, 2019 08:52 PM IST

The latest ruling confirms the watchdog's interim order where it had found that Singh brothers along with seven entities diverted Rs 403 crore from FHL, for the ultimate benefit of parent company -- RHC Holding Pvt Ltd -- and group company Religare Finvest Ltd.
RHC Holding, Shivi Holdings Pvt Ltd, Malav Holdings Pvt Ltd, Religare Finvest, Best Healthcare Pvt Ltd, Fern Healthcare and Modland Wears Pvt Ltd are the seven entities.
Sebi directs Fortis Healthcare, 7 others to continue steps to recover Rs 403 crore from Singh brothers

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