Mandatory tender offer: Malaysia ’s IHH Healthcare seeks further advice to determine next course of action

IHH had won a bid for a 31% stake in Fortis in 2018, which triggered an open offer for another 26% as per Indian regulations. Minority shareholders of Fortis would have had the right to tender their shares at a fixed price during this period. However, it could not be triggered.
Source: The Economic Times - Category: Consumer Health News Source Type: news