HSBC Securities and Capital Markets (India) Private Limited, HDFC Bank Limited, Citigroup Global Markets India Private Limited and Deutsche Equities India Private Limited ("Joint Managers ....
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Northern TK Venture Pte. Ltd., together with persons acting in concert IHH Healthcare Berhad and Parkway Pantai Limited, has launched an open offer to buy up to 4,894,308 equity shares (26.11% of voting share capital) of Fortis Malar Hospitals Limited at INR 17.6 per share. Original Shareholders are additionally entitled to applicable interest of INR 18.36 per share. This follows a SEBI letter dated October 1, 2025, recommending the recommencement of the open offer originally associated with the 2018 Fortis transaction, with the Letter of Offer dated October 8, 2025. The joint managers — HSBC Securities, HDFC Bank, Citigroup, and Deutsche Equities — published the pre-offer advertisement on October 17, 2025 in Financial Express, Jansatta, Rozana Spokesman, and Navshakti. Public shareholders can now tender their shares during the open offer window as per SEBI (SAST) Regulations 2011.
Shareholders have a defined exit window at a stated price, which may act as a floor for the stock during the offer period. The relatively low offer price of INR 17.6 (versus INR 18.36 interest for original shareholders) signals this is a recommencement of an older open offer, so current market price is likely a more attractive reference than the offer price for most public shareholders.