IHH Healthcare Berhad has announced that the tendering period for the Fortis Open Offer and Malar Open Offer will commence on October 20, 2025, and remain open until November 4, 2025. This follows IHH’s subscription of new equity shares in Fortis and subsequent mandatory open offers for additional shares in Fortis and Fortis Malar Hospitals.
Open Offer Timeline
The tendering period for the Fortis Healthcare Limited (Fortis) Open Offer and Fortis Malar Hospitals Limited (Malar) Open Offer will begin on October 20, 2025, and will conclude on November 4, 2025, at 5:00 p.m. (Indian Standard Time). IHH Healthcare Berhad (“IHH”) made this announcement on October 16, 2025.
Background of the Open Offers
The Open Offers follow IHH’s subscription of 235,294,117 new equity shares in Fortis through preferential allotment. This triggered mandatory open offers for the acquisition of up to 197,025,660 Fortis shares, representing 26.10% of the expanded voting share capital of Fortis, and up to 4,894,308 fully paid-up equity shares of Malar, representing 26.11% of its voting share capital.
Independent Directors’ Recommendations
On October 16, 2025, the Committees of Independent Directors (IDC) of Fortis and Malar published their recommendations regarding the Fortis Open Offer and the Malar Open Offer. These recommendations were dated October 15, 2025.
Source: BSE
