Acquisitions21 Jul 2025, 02:01 am
Fortis Healthcare Subsidiary Wins Bid for SRL Trademarks in Delhi High Court Auction
AI Summary
Fortis Healthcare Ltd. announced that its subsidiary, Agilus Diagnostics Limited, has emerged as the successful bidder in a public auction conducted by the Delhi High Court for the sale of SRL Trademarks ('SRL Marks'). The auction was held to satisfy a decree in favor of Daiichi Sankyo Company Limited, following a Singapore arbitral tribunal award. Agilus bid INR 8 crores for the SRL Marks and has already deposited the entire amount. The Delhi High Court has allowed Daiichi's application for confirmation of sale and withdrawal of the deposited amount.
Key Highlights
- Fortis Healthcare subsidiary, Agilus Diagnostics Limited, wins bid for SRL Trademarks in Delhi High Court auction.
- Agilus bid INR 8 crores for the SRL Marks and has already deposited the entire amount.
- The auction was held to satisfy a decree in favor of Daiichi Sankyo Company Limited, following a Singapore arbitral tribunal award.
- The Delhi High Court has allowed Daiichi's application for confirmation of sale and withdrawal of the deposited amount.
- No financial implications due to compensation or penalty shall arise to the account of the Company on account of the sale of the SRL Marks.