Despite a recent court order from India’s Supreme Court that has put a dampener on IHH Healthcare Bhd’s plans to proceed with its open offer for Fortis Healthcare Ltd, the former continues to be the biggest shareholder in Fortis with a 31.1% stake.
It is likely that the pause in IHH’s plans for the open offer to acquire the remaining 26% stake will make no difference to the group’s intention to turn around the India-based healthcare provider.
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