Billionaire brothers Malvinder and Shivinder Singh have reportedly received Delhi High Court’s approval to sell their stake in Fortis Healthcare. The approval came on the condition that the disclosed value of their debt free assets will remain unaffected.
The condition comes on the back to protect Japanese drugmaker Daiichi Sankyo in terms of ‘ready realizable value of assets at a later stage’. Due to this the value of share in holding companies RHC Holding and Oscar Investment would not change.
RHC Holdings has an 80.67% in Fortis Healthcare Holding while Oscar Investment holds the remaining 19.33%. Fortis Healthcare Holdings in turn has a 52.5% stake in Fortis Healthcare.
Fortis Healthcare is an integrated healthcare delivery service provider in Asia. The healthcare verticals of the company span primary care, diagnostics, day care specialty and hospitals, with a healthcare network spanning 9 countries.
| Company Name | CMP |
|---|---|
| Apollo Hospital Ent. | 7699.05 |
| Max Healthcare Inst | 1006.90 |
| Narayana Hrudayalay | 1825.55 |
| Aster DM Healthcare | 688.30 |
| Global Health | 1089.55 |
| View more.. | |
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