Fortis Healthcare case: Singh brothers get 6-month jail; stock falls 5%
The Supreme Court has ordered a forensic audit of the stake sale in Fortis Healthcare to Malaysia-based IHH Healthcare, while extending its stay on IHH’s open offer.
shivinder singh
September 2022
April 2022
October 2019
January 2019
December 2018
September 2018
June 2018
Fortis Healthcare case: Singh brothers, others fined ₹24 cr on fund siphoning charges
SEBI noted that funds to the tune of ₹397.12 crore were diverted from Fortis Hospitals for the benefit of RHC Holdings, and ultimately the Singh brothers.
The death of trust
India’s current slowdown is as much a result of the lack of trust between various stakeholders in society as the poor domestic and global economic conditions.
Are family-run businesses a thing of the past?
There are a few critical reasons why family-owned companies are back in stark focus.
Fortis Healthcare: A jinxed buyout
With the Supreme Court putting a status quo on the deal between the country’s second-largest hospital chain and Malaysian player IHH Healthcare Berhard, the Fortis Healthcare saga continues.
Shivinder drags brother Malvinder to NCLT
Former Ranbaxy promoter dissociates with brother; case also names former Religare chief Godhwani.
All eyes on the prize
Editor’s letter from the June 2018 issue.
