
Acquisitions3 Oct 2025, 06:11 pm
SEBI Approves IHH's Request to Proceed with Open Offer in Fortis Healthcare
AI Summary
IHH Healthcare Berhad, a healthcare company incorporated in Malaysia, 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 granted 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 full cooperation and will keep the stock exchanges updated on material developments.
Key Highlights
- SEBI approves IHH's request to proceed with open offer in Fortis Healthcare
- IHH to proceed with open offer in Fortis Healthcare and its subsidiary, Fortis Malar Hospitals Limited
- Open offer is part of a larger transaction involving preferential allotment of new equity shares
- IHH assures full cooperation and will keep stock exchanges updated on material developments