Fortis Healthcare Limited has informed the Exchange about the intimation made by IHH Healthcare Berhad ( IHH ) dated October 09, 2025 on the Malaysian Stock Exchange (i.e. Bursa Malaysia) informing that following receipt of approval from the Securities and Exchange Board of India (the SEBI ), the letters of offer for the Fortis Open Offer ( Fortis LoF ) and the Malar Open Offer ( Malar LoF ) have been updated to reflect material information as on the date of issuance, unless otherwise specified in the Fortis LoF and Malar LoF. The dispatch of the Fortis LoF and Malar LoF have commenced on October 09, 2025.
FORTIS · price
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IHH Healthcare Berhad, the promoter of Fortis Healthcare, has received SEBI approval and commenced dispatch of the Letters of Offer for the Fortis Open Offer and the Malar Open Offer on October 09, 2025. The letters have been updated to include material information as on the date of issuance. This is a key procedural step in the mandatory open offer process that follows IHH's acquisition of a controlling stake in Fortis Healthcare. Investors can now review the offer documents to understand the offer price, timeline, and terms.
Shareholders of Fortis Healthcare and Malar Hospitals now have a defined offer window to either tender their shares or hold, based on the terms in the dispatched Letter of Offer. The commencement of dispatch typically signals the offer is close to opening for acceptance, which may influence near-term share price movement around the offer price.