Billionaire Singh brothers quit Fortis Healthcare board
Billionaire promoters of Fortis Healthcare, Malvinder and brother Shivinder Singh, have resigned from the company's board. This comes after the Delhi High Court allowed the enforcement of a â¹3,500-crore arbitration award that Japanese drugmaker Daiichi had won. Daiichi argued that the Singh brothers, former Ranbaxy promoters, had concealed important information while selling Ranbaxy in 2008.