Fortis Healthcare Limited has informed the Exchange about scheme of merger by absorption between wholly owned subsidiaries
FORTIS · price
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Awaiting price reaction for this filing.
Fortis Healthcare has informed the stock exchange about a proposed scheme of merger by absorption involving its wholly owned subsidiaries. Since both entities are already fully owned by Fortis, this is an internal corporate restructuring exercise and does not involve any external party. The merger will require approval from the National Company Law Tribunal (NCLT) and other regulatory authorities before it can take effect. No share swap ratio or financial details of the deal have been disclosed in this filing.
This is a routine internal restructuring between wholly owned subsidiaries and is unlikely to materially impact shareholders or the stock price. Investors should watch for further updates on the swap ratio and NCLT approval timeline.