“In light of the judgement, the Fortis open offer as well the Malar open offer (which is subject to the completion of the Fortis open offer) will not proceed for the time being,” IHH Healthcare said.
KUALA LUMPUR: IHH Healthcare Bhd
is seeking appropriate legal advice after India’s Supreme Court refused to lift the block on completion of the takeover of embattled hospital chain Fortis Healthcare Ltd.
In an announcement to Bursa Malaysia on Monday, IHH said it remained committed to proceed with the open offer for India's Fortis once the stay is lifted by the court. The next hearing date for this matter is on Feb 3,2020.
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