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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.
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