Fortis Healthcare IHH Gets Approval for Fortis and Malar Open Offers

IHH Healthcare Berhad has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its open offers for Fortis Healthcare Limited and Fortis Malar Hospitals Limited, according to an announcement made on October 3, 2025. The approval allows IHH to move forward with acquiring additional shares in both companies, potentially increasing its stake.

Open Offer Approval Received

IHH Healthcare Berhad (“IHH”) announced on October 3, 2025, that it has received approval from the Securities and Exchange Board of India to proceed with its open offers for Fortis Healthcare Limited (“Fortis”) and Fortis Malar Hospitals Limited (“Malar”).

Details of the Transaction

The transaction includes the following key components:

Subscription of 235,294,117 new equity shares in Fortis Healthcare Limited.

Mandatory open offer for the acquisition of up to 197,025,660 Fortis shares, representing an additional 26.10% of the expanded voting share capital of Fortis.

Mandatory open offer for the acquisition of up to 4,894,308 equity shares of Fortis Malar Hospitals Limited, representing 26.11% of the voting share capital of Malar.

Background of the Transaction

This announcement refers to earlier announcements, including one made on December 17, 2018, regarding the proposed transactions.

Source: BSE