Unable to proceed with Fortis open offer for now: IHH
Malaysia's IHH Healthcare on Monday said it won't be able to proceed with the open offer for Fortis Healthcare for the time being. This follows Supreme Court's order to maintain status quo on the sale of controlling stake in the Indian hospital chain. The order, however, doesn't impact IHH Healthcare's acquisition of 31.1% stake in Fortis, the Malaysian company added.