Legal29 Sept 2026, 03:00 pm
IHH Healthcare Berhad Addresses Fortis Healthcare Forensic Audit
AI Summary
IHH Healthcare Berhad has issued a media statement clarifying its position regarding the forensic audit ordered by the Delhi High Court concerning Fortis Healthcare. IHH asserts that its 2018 acquisition of a 31% stake in Fortis for INR 4,000 crore was conducted through a transparent, regulated process, with all necessary approvals. The company emphasized that no secondary shares were acquired from the former promoters, and IHH was not involved in their disputes. IHH stated its full cooperation with the audit and reiterated its commitment to India as a key strategic market, planning to increase its stake in Fortis to 51% and expand bed capacity.
Key Highlights
- IHH Healthcare clarifies its 2018 Fortis acquisition was transparent and regulated.
- Company will cooperate with the forensic audit ordered by Delhi High Court.
- IHH plans to increase stake in Fortis to 51% and expand bed capacity.
- Investment was made via preferential allotment, not from former promoters.
- IHH reaffirms commitment to India as a key strategic market.
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