Acquisitions3 Apr 2025, 02:31 am
Fortis Healthcare Wins Bid for Fortis Trademarks in Public Auction
AI Summary
Fortis Healthcare Ltd has emerged as the successful bidder in a public auction conducted by the Delhi High Court for the Fortis trademarks and allied marks. The auction was held in connection with the satisfaction of a decree in favour of Daiichi Sankyo Company Limited. Fortis Healthcare bid INR 200 crores for the Fortis Marks and has been confirmed as the owner by the Delhi High Court. The sale is expected to be executed on April 16, 2025.
Key Highlights
- Fortis Healthcare wins public auction for Fortis trademarks and allied marks.
- Bid amount is INR 200 crores.
- Delhi High Court confirms the sale in favour of Fortis Healthcare.
- Sale to be executed on April 16, 2025.
- No financial implications due to compensation or penalty for the Company.