Teena Thacker
Stories by Teena Thacker
The $815m big-ticket Medanta-Manipal deal said to have fallen through
Manipal could not secure the finances to close the deal, resulting in another setback for Manipal, which lost out on its bid to acquire the Fortis ho
India: Asset management firm TCG acquires Religare Finvest
As part of the deal, RHDFC, the housing finance subsidiary of Religare Finvest, will also change hands.
Fortis investors approach Indian regulator over delay in IHH open offer
Some minority shareholders of Fortis have appealed to Sebi to issue directions to Malaysia's IHH Healthcare to pay interest to shareholders for the de
Max India offers exit to shareholders, eyes new businesses
Max India is currently in the midst of selling a 51% stake in its health insurance joint venture, Max Bupa, to private equity firm True North.
Fortis puts up RHT stake for sale, three months after acquisition
The proposed transaction will help raise funds to meet the needs of Fortis Healthcare as its acquisition by Malaysia's IHH Healthcare Ltd is in limbo
Fortis facilitating PE stake sales in SRL Diagnostics
Fortis, which owns 57% in SRL Diagnostics, is in the process of hiring Kotak Mahindra Bank as an investment banker to manage the transaction.
India’s Fortis Healthcare asks Sebi to order arrest of former promoters
In its 13 February petition, Fortis asked the regulator to invoke Section 28 A, under which a person can be arrested and held in prison.
Fortis fraud may exceed $280m, says India’s fraud investigation office
Sebi has already passed an order against Fortis to recover ₹500 crore from the Singh brothers for funds diverted to the promoter and promoter-relate
Fortis wants to make parting of ways with Singh brothers official
Fortis has filed an application with the Securities and Exchange Board of India for de-promoterisation of Singh brothers as it has "severed" all links
India: Fortis Healthcare appoints Ashutosh Raghuvanshi as CEO
Raghuvanshi replaces Bhavdeep Singh, who resigned from the troubled hospital chain in November.
