Fortis Healthcare Limited has informed the Exchange about intimation made by IHH Healthcare Berhad Regarding the Open Offer.
FORTIS · price
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Awaiting price reaction for this filing.
Fortis Healthcare has informed the stock exchange about an intimation received from IHH Healthcare Berhad regarding an open offer. IHH Healthcare, a major Malaysian healthcare group, is already the largest shareholder in Fortis and is now making a public open offer to acquire additional shares from public shareholders. The specific offer price, open offer size, and timeline would be detailed in the detailed public statement to be filed with SEBI. Investors should watch for the letter of offer and the schedule of activities that will follow.
This open offer gives public shareholders an opportunity to tender their shares at a specified price. The announcement typically signals a potential upward movement in the stock price toward the open offer price in the near term.