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Fortis Healthcare Ltd (FOHE.NS)

FOHE.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

Fortis Healthcare Says NCLT Approves Withdrawal Of Scheme Of Amalgamation Among Co, Fortis Malar, SRL
Friday, 15 Jun 2018 

June 15 (Reuters) - Fortis Healthcare Ltd ::NCLT APPROVED WITHDRAWAL OF SCHEME OF AMALGAMATION AMONG CO, FORTIS MALAR HOSPITALS AND SRL LTD.  Full Article

Fortis Healthcare Invites Munjal-Burman, TPG-Manipal, IHH To Participate In Fresh Bidding
Tuesday, 29 May 2018 

May 29 (Reuters) - Fortis Healthcare Ltd ::INVITES INTERESTED PARTIES TO SUBMIT FRESH PROPOSALS IN RELATION TO BID PROCESS.DECIDED TO INVITE 3 OF BIDDERS NAMELY MUNJAL-BURMAN CONSORTIUM, TPG-MANIPAL CONSORTIUM, IHH HEALTHCARE TO PARTICIPATE IN PROCESS.OTHER INTERESTED PARTIES INVITED TO SUBMIT EXPRESSION OF INTEREST NO LATER THAN 5 P.M. IST ON 31ST MAY 2018.BIDDERS WILL BE PROVIDED 10 DAYS FOR FINANCIAL AND LEGAL DUE DILIGENCE.CO APPOINTED STANDARD CHARTERED BANK AND ARPWOOD CAPITAL AS FINANCIAL ADVISORS TO THE TRANSACTION.SAYS CO APPOINTED CYRIL AMARCHAND MANGALDAS AND VAISH ASSOCIATES AS LEGAL ADVISORS.BINDING BIDS TO BE SUBMITTED BY BIDDERS SHOULD MAKE MINIMUM INVESTMENT OF INR 15 BILLION INTO FHL BY WAY OF PREFERENTIAL ALLOTMENT.BINDING BIDS SHALL HAVE PLAN FOR FUNDING OF RHT HEALTH TRUST ACQUISITION, HAVING LONG STOP DATE OF SEPTEMBER 30.BINDING BIDS SHALL HAVE PLAN FOR PROVIDING EXIT TO PRIVATE EQUITY INVESTORS OF SRL.BINDING BIDS TO BE SUBMITTED BY BIDDERS SHALL INCLUDE PLANS FOR RETENTION OF CURRENT MANAGEMENT AND EMPLOYEES.BINDING BIDS TO INCLUDE SOURCES OF FUNDS TO FINANCE THE TRANSACTION, INCLUDING FIRM COMMITMENT LETTER FROM LENDERS.  Full Article

Fortis Healthcare Says Got No Communication From Market Regulator On Any Insider Trading Probe Or Regulatory Lapses
Wednesday, 23 May 2018 

May 23 (Reuters) - Fortis Healthcare Ltd ::SAYS RECEIVED NO COMMUNICATION FROM MARKET REGULATOR ON ANY INSIDER TRADING PROBE OR REGULATORY LAPSES.  Full Article

Fortis Healthcare Says IHH Extends Acceptance Period For Enhanced Revised Offer To May 29
Thursday, 17 May 2018 

May 17 (Reuters) - Fortis Healthcare Ltd ::CO HAD EARLIER RECEIVED REVISED OFFER FROM IHH HEALTHCARE BERHAD WITH A PROPOSAL TO INVEST IN CO .CO RECEIVED A LETTER ON MAY 17 FROM IHH FOR EXTENSION OF THE ACCEPTANCE PERIOD FOR THE ENHANCED REVISED OFFER.IHH SAYS REMAIN STRONGLY COMMITTED TO PARTICIPATE IN FORTIS.IHH SAYS KEEN TO UNDERSTAND NEXT STEPS BOARD OF FORTIS IS CONSIDERING IN WAKE OF MODIFIED MANIPAL OFFER.IHH SAYS EXTENING THE ACCEPTANCE PERIOD OF ENCHANCED REVISED PROPOSAL TO MAY 29 FROM MAY 15.  Full Article

IHH Healthcare Extends Acceptance Period Of Enhanced Revised Proposal To Fortis Healthcare
Thursday, 17 May 2018 

May 17 (Reuters) - IHH Healthcare Bhd ::ISSUED EXTENSION LETTER TO FORTIS EXTENDING ACCEPTANCE PERIOD OF ENHANCED REVISED PROPOSAL UNTIL 29 MAY, AFTER WHICH IT SHALL LAPSE.  Full Article

Fortis Healthcare Board Decided To Recommend Offer Of Hero Enterprise Investment Office-Burman Family Office For An Upfront Equity Infusion Of Rs. 800 Crore
Thursday, 10 May 2018 

May 10 (Reuters) - Fortis Healthcare Ltd ::FORTIS HEALTHCARE - BOARD DECIDED TO RECOMMEND OFFER OF HERO ENTERPRISE INVESTMENT OFFICE-BURMAN FAMILY OFFICE FOR AN UPFRONT EQUITY INFUSION OF RS. 800 CRORE.FORTIS HEALTHCARE - APPOINTS SABINA VAISOHA AND ROHIT BHASIN AS INDEPENDENT DIRECTORS OF THE COMPANY FOR A PERIOD OF FIVE YEARS.  Full Article

Fortis Healthcare Says UBS Principal Capital Asia Ltd Cuts Stake In Co By 5.44 Pct
Monday, 7 May 2018 

May 7 (Reuters) - Fortis Healthcare Ltd ::UBS PRINCIPAL CAPITAL ASIA LTD CUTS STAKE IN CO BY 5.44 PERCENT.  Full Article

Fortis Healthcare Clarifies Singh Brothers Do Not Hold Any Stake In RHT Health Trust
Wednesday, 2 May 2018 

May 2 (Reuters) - Fortis Healthcare Ltd ::CLARIFIES ON NEWS ITEM ON 2 SUITORS FOR CO RAISING OFFERS.SAYS AS ON DATE MALVINDER AND SHIVINDER SINGH DO NOT HOLD ANY SHARE.DENY STATEMENT THAT MALVINDER MOHAN SINGH AND SHIVINDER MOHAN SINGH HOLD MAJORITY STAKE IN RHT HEALTH TRUST.  Full Article

India's Fortis Healthcare Gets Modified Investment Proposal From Munjals & Burmans
Tuesday, 1 May 2018 

May 1 (Reuters) - Fortis Healthcare Ltd ::GETS MODIFIED INVESTMENT PROPOSAL FROM MUNJAL'S OFFICE AND BURMAN'S OFFICE TO INVEST DIRECTLY INTO CO.REVISED BINDING OFFER TO INVEST 18 BILLION RUPEES DIRECTLY INTO CO.OFFER INCLUDES INVESTMENT WORTH 8 BILLION RUPEES VIA PREFERENTIAL ISSUE OF EQUITY SHARES.OFFER INCLUDES INVESTMENT OF 10 BILLION RUPEES VIA PREFERENTIAL ISSUE OF WARRANTS.ALLOTMENT & PRICING FOR THE PREFERENTIAL ISSUE OF SHARES AT 167 RUPEES PER SHARE.ALLOTMENT & PRICING FOR THE PREFERENTIAL ISSUE OF WARRANTS AT 176 RUPEES PER SHARE.PROPOSAL FROM MUNJAL'S OFFICE AND BURMAN'S OFFICE PROPOSES STRATEGIC SALE OF CO'S SRL BUSINESS.  Full Article

India's Fortis Healthcare Gets Enhanced Revised Proposal From IHH
Tuesday, 1 May 2018 

May 1 (Reuters) - Fortis Healthcare Ltd ::GOT AN ENHANCED REVISED PROPOSAL FROM IHH TO INVEST DIRECTLY INTO CO AT A PER SHARE PRICE OF 175 RUPEES.  Full Article

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Fortis Healthcare pulls out of amalgamation scheme with Fortis Malar, SRL

Fortis Healthcare Ltd on Wednesday withdrew the scheme of arrangement and amalgamation with its units Fortis Malar Hospitals Ltd and SRL Ltd, citing a delay in its completion.