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India's Supreme Court orders status quo on sale of Fortis to IHH


 KUALA LUMPUR: Shares of IHH Healtcare and Fortis Healthcare fell on Friday after India's Supreme Court put the sale of the Indian company on hold.

IHH acquired a 31.1% stake for RM2.348bil in cash-strapped Fortis, which operates about 30 private hospitals in India, in July after an extended bidding war for control of the company.

Corporate News , Markets

   

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