Fortis Healthcare
Ace investor Rakesh Jhunjhunwala removes money from this stock - What should you do? Find out
Fri, Jan 25, 2019
Earlier, Jhunjhunwala held about 2.41% stake in Fortis. So far, in six month’s period, Fortis has only grown by 1.96% which means there were barely any earnings made by Jhunjhunwala in this stock.
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SC orders status quo on sale of shares of Fortis to Malaysian firm IHH Healthcare
Sat, Dec 15, 2018
The Supreme Court Friday ordered status quo with regard to the sale of controlling stakes of Fortis Healthcare to Malaysian IHH Healthcare Berhad by former Ranbaxy promoters and hospital operators -- Malvinder and Shivinder Singh.
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Tycoon brothers Malvinder Singh, Shivinder accuse each other of assault; watch video
Fri, Dec 07, 2018
In the latest twist to their ongoing corporate battle, elder brother Malvinder Singh in a video circulated on social media claimed that he was hit by younger brother Shivinder. In the video, he alleged that the incident happened Wednesday as Shivinder was trying to disrupt the board meeting of a group company, Prius Real Estate, which he reportedly claimed has lent around Rs 2,000 crore to companies owned by Gurinder Singh Dhillon and his family.
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Reliance Communications, Fortis Healthcare among top five stocks hogging limelight today
Thu, Jul 19, 2018
Daiichi Sankyo has approached the Delhi high court to block the $1 billion sale of Fortis Healthcare to Malaysian group IHH Bhd. Daiichi has enforced an arbitration award to recover Rs 3500 crore from the promoters. Fortis Healthcare has, meanwhile, said Daiichi's statement is baseless.
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Malaysia's IHH buys Fortis Healthcare for $1.1 billion
Fri, Jul 13, 2018
Cash-strapped Fortis said on Friday it accepted a 40 billion rupees ($585 million) offer from IHH for a 31 percent stake, capping a months-long bidding war for control of the Indian firm that drew interest from domestic and international suitors.
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Top 5 stocks in focus on July 13: Fortis, IDBI to Cadila, here are the 5 newsmakers of the day
Fri, Jul 13, 2018
Sensex on Thursday touched an all-time high by crossing the mark of 36,500. On the same day, there were certain stocks, Fortis, HCL to Tata Steel, that came into news and will have a positive or negative effect on the market on Friday, .i.e. on July 13, 2018.
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IHH Healthcare wins race for Fortis Healthcare, to invest Rs 4,000 crore
Fri, Jul 13, 2018
Fortis Healthcare on July 3 received two binding proposals from IHH and TPG-Manipal consortium but Munjals-Burmans combines, which had earlier become the preferred bidder, and Radiant Life Care had backed out.
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Fortis Healthcare, HCL Tech among top five stocks hogging limelight today
Fri, Jul 13, 2018
HCL Tech: Indian IT company HCL Technologies today said its board has approved up to Rs 4,000 crore buyback plan, involving up to 3.63 crore shares at a price of Rs 1,100 per equity share. The buyback price translates into a 9.4 per cent premium over Thursday's closing price of HCL Tech shares.
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Has Fortis Healthcare finally found a buyer? Surge in share price suggests so
Mon, Jul 09, 2018
Fortis on Saturday reported no change in the audited financial statements from the unaudited one and said that it is currently in the process of evaluating the bids for investment into the company.
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Maruti Suzuki, Fortis Healthcare among top five stocks in focus today
Mon, Jul 09, 2018
Tata Steel: As part of the restructuring process of its loss-making European operations, Tata Steel has recently signed a definitive agreement (non-cash deal) with thyssenkrupp AG (tk) to form a 50:50 joint venture (JV).
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Fortis Healthcare Board receives 'Binding Bids'; here are the details
Wed, Jul 04, 2018
FHL had earlier said that it will consider the bids of four suitors -- Hero Enterprise Investment Office and Burman Family Office, IHH Healthcare Berhand, Radiant Life Care and TPG Asia and Manipal Health Enterprises -- in the new transaction process.
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Munjal-Burman out of bidding for Fortis Healthcare; Manipal-TPG files fresh bids
Tue, Jul 03, 2018
There is a new turn in the Fortis Healthcare bidding process, as Sunil Kant Munjal of Hero Enterprises and the Burman family of the Dabur group reportedly have backed out of the deal after months of talks
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Fortis Healthcare probe finds systemic lapses, moves to recover Rs 500 cr from Singh brothers
Thu, Jun 28, 2018
The board of Fortis, which is embroiled in a takeover battle, also annulled September 2016 appointment of Malvinder Singh as 'Lead: Strategic Initiatives' and will seek to recover payments made to him in that role as well as any company asset in his possession. Singh brothers had resigned as directors from Fortis board in February this year following the Delhi High Court order upholding the Rs 3,500 crore arbitral award in favour of Daiichi Sankyo.
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Fortis Healthcare finally reports March quarter earnings; stock rallies 3%
Wed, Jun 27, 2018
Fortis Healthcare, which delayed reporting results for the quarter as it completed an internal probe, said the goodwill impairment charges and write-offs were related to inter-corporate deposits and advances.
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