SC order does not impact 31.1% stake sale to IHH: Fortis
Fortis Healthcare on Saturday said the Supreme Court ordering a status quo on its deal with IHH Healthcare doesn't impact the company's 31.1% stake sale to the Malaysian firm. The order could, however, impact IHH's proposed open offer to acquire additional 26% stake in Fortis. The open offer is scheduled to be launched from December 18 to January 1, 2019.