Delhi cops register case against Fortis' Singh brothers for siphoning funds
FIR against Singh brothers, Godhwani, others for misappropriation of funds, forgery, criminal conspiracy28-03-2019
28-03-2019
FORTIS HEALTHCARE LTD. - 532843 - Intimation Under Regulation 8(2) Of The SEBI (Prohibition Of Insider Trading) Regulations, 2015
Dear Sir(s), This is with reference to Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, requiring the Company to intimate every amendment to code of practices and procedures for fair disclosure of unpublished price sensitive information. Accordingly, the Board of Directors of the Company has, on March 26, 2019, approved the revision to the same, effective from April 1, 2019 and the same made available on the website of the Company. This is for your information and records please.27-03-2019
FORTIS HEALTHCARE LTD. - 532843 - Announcement under Regulation 30 (LODR)-Credit Rating
With reference to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations 2015, it is hereby informed that the Company has received, today i.e. on March 26, 2019, changes in credit ratings by 'ICRA' of the Company and subsidiaries of the Company - 1. Fortis Hospitals Limited; 2. Escorts Heart Institute and Research Centre Limited; and 3. Hiranandani Healthcare Private Limited. The relevant reports made by ICRA covering the rationale for revisions in the credits ratings are attached herewith. This is for your information and records please.26-03-2019
Jet crisis to Fortis feud: How India's crony capitalist edifice is creaking
For fundamental change, business families must stop playing a shadowy role in campaign finance, writes Andy Mukherjee24-03-2019
Fortis Healthcare Ltd - 532843 - Disclosure Under Regulation 30 - SEBI Order
This is in continuation of our letter ref no. FHL/SEC/STEX/2019-19 dated October 18 2018 and letter ref. no. FHL/SEC /2018-19 dated December 22, 2018 with respect to the issuance and revision of an ad-interim ex-parte order passed by Securities and Exchange Board of India ['SEBI'] to protect the interests of shareholders of the Company and to prevent any further deterioration of funds / assets of the Company. Please note that SEBI, vide order no. WTM/GM/IVD/101/2018-19 dated March 19, 2019 (copy whereof is attached herewith), has further confirmed the directions issued vide its original ad-interim ex-parte order dated October 17, 2018 read with revised ad-interim ex-parte order dated December 21, 2018, subject to certain modifications. The detailed disclosures as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is attached herewith as Annexure A.20-03-2019
Fortis Healthcare appoints Ashutosh Raghuvanshi as MD and CEO
Ashutosh Raghuvanshi is a cardiac surgeon turned management leader. Over the last 26 years, he has been associated with the Bombay Hospital, Apollo Hospitals, Vijaya Heart foundation and Manipal Heart Foundation.19-03-2019
FORTIS HEALTHCARE LTD. - 532843 - Outcome of Board Meeting
Dear Sir(s), In continuation to our Letter Ref No. FHL/SEC/2018-19 dated February 7, 2019 and pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosures Requirement) Regulation, 2015, this is to inform you that the Board of Directors of the Company at its meeting held today i.e. on March 19, 2019, inter-alia, considered and approved the appointment of Dr Ashutosh Raghuvanshi as Managing Director ('MD') designating him as MD & CEO of the Company with immediate effect for a period of 3 (three) years, subject to the approval of shareholders of the Company. Brief Profile Dr Ashutosh Raghuvanshi, is a cardiac surgeon turned management leader. After completing his MS in general surgery from MGIMS, Dr Ashutosh went on to do MCH in Cardiac surgery from the University of Bombay. Over the last 26 years, he has been associated with the Bombay Hospital, Apollo Hospitals, Vijaya Heart foundation and Manipal Heart Foundation.19-03-2019
IHH's blueprint to revamp Fortis hits rough weather
Delay in open offer, money stuck in escrow account prove stumbling blocks01-03-2019
Fortis asks SEBI to order arrest of Singh brothers for failure to return diverted money
In December the markets regulator had directed Fortis Healthcare and Fortis Hospitals to take necessary steps to recover Rs 403 crore, along with interest, from former promoters Shivinder Mohan Singh and Malvinder Mohan Singh within three months.25-02-2019
Malvinder Singh alleges death threat, sues brother Shivinder and Radha Soami Satsang head
Fortis co-founder Malvinder Mohan Singh filed a criminal complaint against his brother Shivinder and spiritual head of the Radha Soami Satsang Gurinder Singh Dhillon accusing them of fraud and sending him death threats. He said that other members of the satsang are also threatening him.18-02-2019