Business strategy

Fortis Healthcare Down 18% After SC Disposes Off Daiichi’s Plea; Know Details

Fortis Healthcare Share Price: Shares of Fortis Healthcare were trading lower on Thursday after the Supreme Court ordered the continuation of the stay on IHH open offer. The share was trading at Rs 263, down around 16 per cent on Thursday. The stock ended the previous session at Rs 311.20 on BSE.

Japanese drugmaker Daiichi Sankyo had challenged the Fortis-IHH deal to recover the Rs 3,600 crore arbitration award it had won in a Singapore tribunal against Fortis’ erstwhile promoters, brothers Malvinder Singh and Shivinder Singh.

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