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KUALA LUMPUR: AmInvestment Research is maintaining its HOLD recommendation on IHH Healthcare with an unchanged fair value of RM5.50 based on discounted cashflow (WACC 8.3%; terminal growth rate 3.5%).
A smug, entitled business class driven by greed and hubris, but sorely lacking in resources to legitimise their control. I could be describing the India Inc of today - or 1959. Nothing much has changed.
PETALING JAYA: India’s Fortis Healthcare Ltd’s statutory auditors Deloitte Haskins and Sells LLP have tendered their resignation, as its largest shareholder, IHH Healthcare Bhd, prefers to align its auditors on a group-wide basis.
KUALA LUMPUR: IHH Healthcare Bhd will have to wait to get its prized Fortis Healthcare of India after India’s Supreme Court ordered a halt to the acquisition following a petition filed by Japanese drugmaker Daiichi Sankyo.
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.
MUMBAI: India’s stock market regulator has determined the former owners of the nation’s second largest hospital chain defrauded the company of four billion rupees (US$54.3mil) and ordered that they return it.
MUMBAI: India’s stock market regulator has determined the former owners of the nation’s second-largest hospital chain defrauded the company of 4 billion rupees ($54.3 million) and ordered that they return it.
PETALING JAYA: India’s high court has refused to block a planned Fortis Healthcare Ltd extraordinary general meeting (EGM) to get shareholders’ approval for IHH Healthcare Bhd’s proposed plan to acquire Fortis.
Past issues threaten to put planned acquisition in disarray
MUMBAI: Fortis Healthcare Ltd. shares extended their best monthly gain in more than three years after IHH Healthcare Bhd. and two Indian tycoons revised their offers in the race for the country’s second-largest hospital chain.