Northern TK Venture Pte. Ltd, along with IHH Healthcare Berhad and Parkway Pantai Limited, announced an open offer to acquire up to 197,025,660 equity shares of Fortis Healthcare Limited. This represents 26.10% of the expanded voting share capital. The offer price is INR 170 per equity share, along with an applicable interest of INR 53.80 payable to original shareholders. This offer begins October 17, 2025.
Open Offer Details
An open offer has been made for the acquisition of up to 197,025,660 equity shares of Fortis Healthcare Limited by Northern TK Venture Pte. Ltd (“Acquirer”) together with IHH Healthcare Berhad (“PAC 1”) and Parkway Pantai Limited (“PAC 2”). The face value is INR 10 per share.
Offer Specifics
The Acquirer, along with PACs, intends to acquire up to 197,025,660 fully paid-up equity shares, representing 26.10% of the Expanded Voting Share Capital of the Target Company.
Pricing
The open offer is priced at INR 170 per Equity Share. There’s an additional Applicable Interest of INR 53.80 per Equity Share, applicable only to the Original Shareholders.
Source: BSE
