Unable to proceed with Fortis open offer for time being: IHH Healthcare
Updated : December 17, 2018 12:35 PM IST
In a regulatory filing, IHH Healthcare, however, said the apex court's order does not impact acquisition of 31.1 per cent stake in Fortis for RS 4,000 crore, which was completed on November 13.
The Board of Directors of IHH wishes to inform that the Supreme Court of India had on December 14, 2018 passed an order directing "status quo with regard to sale of the controlling stake in Fortis Healthcare to Malaysian IHH Healthcare Berhad be maintained", it said in the filing.
Published : December 17, 2018 12:35 PM IST