Supreme Court puts Fortis sale to Malaysia's IHH on hold
The Supreme Court on Friday ordered a status quo on the sale of Fortis Healthcare to Malaysian group IHH Healthcare. The stay was sought by Japanese drugmaker Daiichi Sankyo, which alleged that Fortis promoters Malvinder Singh and Shivinder Singh created encumbrances on their shares despite the court's order. The Singh brothers owe Daiichi â¹3,500 crore in an arbitration award.