Japanese drugmaker Daiichi moves Delhi HC seeking stay on Fortis-IHH deal: Report

Japanese drugmaker Daiichi moves Delhi HC seeking stay on Fortis-IHH deal: Report

Photo: Reuters

Japanese drugmaker Daiichi Sankyo has moved the Delhi High Court seeking a stay on the acquisition of cash-strapped Fortis Healthcare by Malaysia’s IHH Bhd, as it enforces Rs 3,500-crore arbitration award against Fortis’ erstwhile promoters, Malvinder Singh and Shivinder Singh, several media reported.

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