The relevant Disclosure is attached.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
IHH Healthcare Berhad's indirect wholly-owned subsidiary, Northern TK Venture Pte Ltd (NTK), is acquiring up to 4,894,308 equity shares (26.11% of voting share capital) of Fortis Malar Hospitals through a mandatory open offer at INR 10 face value. The tendering period for the Malar Open Offer will run from October 20, 2025 to November 4, 2025 (5:00 PM IST). This is part of a larger transaction where NTK is also subscribing to 235,294,117 new equity shares of Fortis Healthcare via preferential allotment and making a separate open offer for 26.10% of Fortis Healthcare's expanded share capital. The Committees of Independent Directors of both Fortis and Malar have published their recommendations on the open offers, which will appear in pre-offer advertisements on October 17, 2025.
Shareholders of Fortis Malar now have a defined window (Oct 20 – Nov 4, 2025) to tender their shares in the open offer. The IDC recommendation should be reviewed to gauge fairness of the offer price before deciding to tender or hold.