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 ....

Listed-company acquisitionOpen offer triggeredStrategic Transactions View source PDF Explain this filing

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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

+0.6%Reaction day

₹68.48

prior close

₹68.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-0.1% vs market

Hospital peers, median of 20sector-0.2%+0.8% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.8 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

+2.2

10m

+1.6

15m

+1.3

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.6+0.7-0.1-0.2+0.8

Next day

-2.6+0.1-2.7+0.6-3.2

-3.0-1.0-2.0+0.3-3.3

-2.7-0.0-2.7+0.4-3.2

-3.2+0.5-3.7+0.7-3.9

-1.1+0.0-1.1+1.4-2.4

+0.3+2.1-1.7+2.9-2.5

15d

-2.1+2.9-5.0+1.2-3.3

-4.3+0.4-4.7-0.8-3.5

-11.7-5.0-6.7-5.6-6.0

-15.6-7.1-8.5-9.3-6.4

UpDownMarket · Nifty Microcap 250Sector · Hospital peers, median of 20Pending

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

AI summary

Fortis Malar Hospitals Ltd has received the Letter of Offer for a mandatory open offer triggered by an indirect acquisition through Fortis Healthcare Limited (FHL). Northern TK Venture Pte. Ltd., along with IHH Healthcare Berhad and Parkway Pantai Limited, is offering to buy up to 4,894,308 equity shares (26.11% of voting capital) at INR 17.60 per share in cash. Original Shareholders (those holding shares as on December 24, 2018) will additionally receive an Applicable Interest of INR 18.36 per share, taking their effective price to INR 35.96. The maximum consideration works out to about INR 176 million. The offer was originally announced in July 2018 but was kept in abeyance due to Supreme Court proceedings; SEBI permitted its recommencement on October 1, 2025. The tendering period runs from October 20, 2025 to November 4, 2025.

Likely market impact

Public shareholders of Fortis Malar Hospitals can tender their shares during the October 20 – November 4, 2025 window to exit at the offer price. The low offer price of INR 17.60 (well below historical levels and adjusted down from the original INR 60.10 due to dividend adjustments) means shareholders should weigh this carefully against prevailing market price. Post-offer, public shareholding may fall below the mandatory 25% threshold, which could trigger further regulatory action or delisting considerations.