SEBI clears IHH open offers for Fortis Healthcare and Fortis Malar

Listed Co AcquisitionOpen Offer TriggeredStrategic 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

+7.3%Reaction day

₹980.00

prior close

₹994.00

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.7%+6.6% vs market

Hospital peers, median of 19sector+2.5%+4.7% vs sector

On the reaction day the stock moved 6.6 pts more than Nifty Midcap 150 and 4.7 pts more 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

+1.9

10m

+1.6

15m

+1.5

30m

+2.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+7.3+0.7+6.6+2.5+4.7

Next day

+6.2+1.1+5.1+1.9+4.4

+7.6+0.4+7.2+1.2+6.4

+8.9+1.2+7.7+0.8+8.2

+8.7+1.6+7.1+1.9+6.8

+11.8+1.6+10.1+2.4+9.3

+11.5+1.9+9.7+3.5+8.0

15d

+8.3+3.1+5.2+4.4+3.9

+2.8+2.4+0.4+3.8-1.0

-12.1+2.0-14.2-2.2-10.0

-3.2+5.2-8.4-1.7-1.4

UpDownMarket · Nifty Midcap 150Sector · Hospital peers, median of 19Pending

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

AI summary

SEBI approved IHH Healthcare Berhad's request to proceed with open offers for Fortis Healthcare and Fortis Malar Hospitals. IHH's Northern TK Venture may acquire up to 197,025,660 Fortis shares, equal to 26.10% of expanded voting capital, and 4,894,308 Fortis Malar shares, equal to 26.11% of its voting capital. The wider deal includes 235,294,117 new Fortis shares subscribed by an IHH subsidiary.

Likely market impact

Open offers may increase IHH's stake and attract trading activity. Offer price, timing and shareholder response will drive near-term share-price volatility.