IHH-led open offer reopens at INR 170 per Fortis share, tendering from Oct 20

Open offer triggeredListed-company acquisitionStrategic Transactions View source PDF Explain this filing

FORTIS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.2%Reaction day

₹1067.50

prior close

₹1062.00

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.4%-0.6% vs market

Hospital peers, median of 20sector-0.1%-0.1% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Midcap 150 and 0.1 pts less than its Hospital peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.5

10m

-0.8

15m

-0.9

30m

-0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.2+0.4-0.6-0.1-0.1

Next day

+2.6+0.4+2.2+0.3+2.3

+1.4-0.3+1.7-0.2+1.6

+2.4+0.6+1.7+0.2+2.1

+2.6+1.1+1.5+0.5+2.1

+1.7+0.6+1.1+1.3+0.4

+2.9+1.5+1.4+2.7+0.2

15d

-3.5+2.6-6.1+1.2-4.7

-7.0+2.2-9.2-0.8-6.2

-19.9+0.2-20.1-5.6-14.3

-16.4+1.4-17.7-9.3-7.1

UpDownMarket · Nifty Midcap 150Sector · Hospital peers, median of 20Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Northern TK Venture, an IHH Healthcare Berhad subsidiary, filed an updated letter of offer to buy up to 197,025,660 Fortis shares, 26.10% of expanded voting capital, at INR 170 per share, plus INR 53.80 interest for original shareholders (INR 223.80 each). Tendering runs Oct 20 to Nov 4, 2025. Maximum outlay: INR 44.09 billion. SEBI allowed the offer to restart on Oct 1, 2025 after a court-ordered pause.

Likely market impact

Shareholders can tender at INR 170, or INR 223.80 for original holders. The price may anchor the stock, and IHH already controls Fortis.