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Deal▲ Bullish for Fortis Healthcare
IHH plans to raise Fortis stake to 51%, expand capacity to 10K beds by 2031
The brief
- IHH plans to raise its Fortis Healthcare stake to 51% over three to five years
- The company plans to expand total capacity to 10,000 beds by 2031
- Fortis shareholders and India’s hospital sector are exposed to IHH’s expansion plans
- Fortis says independent audit will establish non-involvement in Singh brothers’ share transfers
- Fortis confident of clean chit from audit in Singh brothers’ dispute
- Fortis distances itself from Daiichi-Singh dispute as Supreme Court permits forensic audit
- Supreme Court allows independent forensic audit of Fortis transactions in Daiichi dispute