Fortis shareholders approve IHH's â¹4,000 cr takeover offer
Fortis Healthcare's shareholders have approved Malaysia's IHH Healthcare's binding offer to take control of India's second-largest hospital chain. IHH will initially invest â¹4,000 crore at â¹170 per share in Fortis for a 31.1% stake. Further, depending on the success of the open offer to acquire another 26% from public shareholders, IHH will hold a stake of up to 57.21%.