Announced Tue, 29 Sept, 2026 · 14:59 IST
IHH to lift Fortis stake to 51 percent, expand to 10000 beds by 2031
Promoter Disclosed Acquisition PlansAnalyst Day Multiyear TargetsInvestor Communications View source PDFExplain this filing
FORTIS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-7.3%1-day move
₹830.75
prior close
₹821.35
base price
In-mkt
timing
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-0.6-0.2-0.2+0.1-7.3-5.5-8.1-8.3-6.1—————
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AI summary
Supreme Court disposed of Fortis's petition challenging Delhi High Court's order for a forensic audit into the company. Parent IHH says its 2018 acquisition was through a transparent competitive bidding, investing 4000 crore for 31 percent stake, with no payment to former promoters. IHH will cooperate with the audit. Plans to raise Fortis stake to 51 percent and expand capacity to about 10000 beds by 2031.
Likely market impact
Positive: parent committing to long-term investment and expansion, but forensic audit remains an overhang on the stock.