New Delhi : IHH Healthcare’s open offer for 26 per cent stake in Fortis Healthcare will open on September 7 and close on September 24. This is the second step in its plan to acquire a controlling stake in the company.
The Malaysia-based hospital chain, through its step-down subsidiary Northern TK Venture, plans to acquire Rs 19.70 crore of Fortis Health at Rs 170 per share, according to a disclosure by Fortis Heath on Friday.
The companies will file the draft letter of offer with the Sebi next week. After the open offer, IHH Healthcare will hold up to 57.1 per cent stake in Fortis Health, depending on the subscription to the open offer.
