An open offer for the acquisition of up to 197,025,660 equity shares of Fortis Healthcare Limited has commenced. The offer is made by Northern TK Venture Pte. Ltd., together with IHH Healthcare Berhad and Parkway Pantai Limited. The offer price is INR 170 per equity share, along with an applicable interest of INR 53.80 per share for original shareholders. The tendering period is scheduled to close on November 4, 2025.
Open Offer Details
An open offer has been initiated by Northern TK Venture Pte. Ltd., along with IHH Healthcare Berhad and Parkway Pantai Limited, to acquire up to 197,025,660 equity shares of Fortis Healthcare Limited. This represents 26.10% of the expanded voting share capital. The announcement was made on October 9, 2025.
Offer Price and Interest
The offer price is set at INR 170 per equity share. Original shareholders are entitled to an applicable interest of INR 53.80 per equity share. This applies only to those who held shares as of December 4, 2018, and continue to hold them. The interest is for the period from September 22, 2022 to November 19, 2025.
Tendering Period
The tendering period for the open offer will commence on October 20, 2025, and close on November 4, 2025. Equity shareholders are invited to participate in the offer by tendering their shares during this period.
Managers to the Offer
HSBC Securities and Capital Markets (India) Private Limited, HDFC Bank Limited, Citigroup Global Markets India Private Limited and Deutsche Equities India Private Limited are acting as the joint managers to the Open Offer.
Source: BSE
