ADVERTISEMENT

IHH to have four directors on Indian Fortis board


The Indian hospital chain said its board yesterday approved the allotment of 235,294,117 equity shares through preferential issue to Northern TK Venture Pte Ltd (NTK), a wholly-owned indirect subsidiary of IHH Healthcare Bhd, at 170 rupees (US$2.34) per share of 10-rupee face value.

The Indian hospital chain said its board yesterday approved the allotment of 235,294,117 equity shares through preferential issue to Northern TK Venture Pte Ltd (NTK), a wholly-owned indirect subsidiary of IHH Healthcare Bhd, at 170 rupees (US$2.34) per share of 10-rupee face value.

NEW DELHI: Malaysia's IHH Healthcare Bhd has become the controlling shareholder in India's Fortis Healthcare Ltd and will have four seats on the reconstituted board of directors.

The Indian hospital chain said its board yesterday approved the allotment of 235,294,117 equity shares through preferential issue to Northern TK Venture Pte Ltd (NTK), a wholly-owned indirect subsidiary of IHH Healthcare Bhd, at 170 rupees (US$2.34) per share of 10-rupee face value.

Corporate News , IHH

   

ADVERTISEMENT