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After 7 yrs, IHH finally gets Sebi go-ahead for Fortis open offer
Business Standard
|October 04, 2025
In 2018, price was set at ₹170/share; Fortis Healthcare now trades at ₹980.10
Malaysian giant IHH Healthcare on Friday said it had secured approval from the Securities and Exchange Board of India (Sebi) to proceed with its mandatory open offer to acquire a 26 per cent stake each in Fortis Healthcare and Malar Hospitals.
The open offer price for Fortis Healthcare was initially set at ₹170 a share in 2018. But regulatory delays and court proceedings stalled the process. On that basis, the deal size would be about ₹3,349 crore.
Since then, Fortis Healthcare shares have surged, closing at ₹980.10 apiece on the BSE on Friday, raising the possibility that IHH may have to revise the offer price upward.
This story is from the October 04, 2025 edition of Business Standard.
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