Fortis Healthcare Limited has informed the Exchange about announcement made by IHH Healthcare Berhad ( IHH ) on the Malaysian Stock Exchange (i.e. Bursa Malaysia) with respect to a letter dated October 01, 2025 issued by the Securities and Exchange Board of India (SEBI) approving IHH s request to proceed with the open offer of the Company and its subsidiary, Fortis Malar Hospitals Limited.
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Fortis Healthcare has informed the stock exchange that its promoter, IHH Healthcare Berhad (Malaysia), has received SEBI approval dated October 1, 2025, to proceed with its open offer for shares of Fortis Healthcare and its subsidiary Fortis Malar Hospitals. IHH had sought this clearance to move forward with the long-pending open offer. The approval marks a key regulatory milestone after earlier delays. Details of the offer price, size, and timeline are expected to follow in the formal open offer document.
This is a positive development for minority shareholders as it brings the long-awaited open offer closer to launch, giving them an exit opportunity at a potentially attractive price. The stock may see increased activity and price movement once the open offer details are announced.