IHH Healthcare Berhad has announced the successful completion of its open offer for Fortis Healthcare and Fortis Malar Hospitals as of November 10, 2025. Following the transfer of shares and settlement of payments, IHH’s indirect shareholding in Fortis and Malar now stands at 31.17% and 62.73%, respectively. The completion marks a significant milestone in IHH’s strategic investment in the Indian healthcare sector.
Open Offer Completion
IHH Healthcare Berhad (“IHH”) has announced that the mandatory open offers for Fortis Healthcare Limited (“Fortis”) and Fortis Malar Hospitals Limited (“Malar”) have been successfully completed on November 10, 2025.
Shareholding Update
Following the completion of the open offers, IHH’s indirect shareholding in Fortis and Malar is now 31.17% and 62.73%, respectively. This change in shareholding was previously announced on November 10, 2025.
Transaction Details
The transaction involved the transfer of shares from tendering shareholders to Northern TK Venture Pte Ltd (“NTK”), an indirect wholly-owned subsidiary of IHH, and the subsequent settlement of payments. The initial announcement regarding the subscription and open offers was made on July 13, 2018. Subsequent announcements provided updates on the transaction’s progress.
Source: BSE
