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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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.
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.