Acquisitions3 Oct 2025, 06:31 pm
SEBI Approves IHH's Request to Proceed with Open Offer in Fortis Healthcare
AI Summary
IHH Healthcare Berhad has received approval from the Securities and Exchange Board of India (SEBI) to proceed with an open offer in Fortis Healthcare Ltd and its subsidiary, Fortis Malar Hospitals Limited. This approval was given on October 01, 2025, as announced by IHH on the Malaysian Stock Exchange (Bursa Malaysia). The open offer is part of a larger transaction that includes a preferential allotment of 235,294,117 new equity shares of Fortis Healthcare Limited to an indirect wholly-owned subsidiary of IHH, Northern TK Venture Pte Ltd. IHH assures of its full cooperation at all times and will keep the stock exchanges updated regarding material developments in this matter.
Key Highlights
- SEBI approves IHH's request to proceed with open offer in Fortis Healthcare
- Open offer includes Fortis Healthcare and its subsidiary, Fortis Malar Hospitals Limited
- Approval given on October 01, 2025
- Part of a larger transaction involving preferential allotment of new equity shares
- IHH to keep stock exchanges updated on material developments