Cash-strapped Fortis said IHH will invest 40 billion Indian rupees ($584.11 million) at 170 rupees per share.
PETALING JAYA: India’s high court has refused to block a planned Fortis Healthcare Ltd extraordinary general meeting (EGM) to get shareholders’ approval for IHH Healthcare Bhd
’s proposed plan to acquire Fortis.
With this latest development, it appears that the earlier perceived roadblock to this IHH-Fortis deal has been lifted following initial expectations for the planned deal to possibly be put on pause again after a court order in India.
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