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Fortis sinks 20% as top court extends stay on IHH open offer

Times of India LogoTimes of India1w ago

Fortis sinks 20% as top court extends stay on IHH open offer - Times of India

Quick Summary:

Shares of Fortis Healthcare sank nearly 20% on Thursday and eyed their biggest slide in nearly 15 years, after reports said India's top court ordered the continuation of a stay on IHH Healthcare's open offer for the company.

Reuters was not immediately able to review the order.

IHH and Daiichi did not immediately respond to Reuters' requests for comment.


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Article Details

Author / Journalist: Reuters

Category: Economy

Topics: Share price fortis Fortis Fortis healthcare share price Business news Fortis healthcare Stock fortis heathcare

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-22, 16:25:09

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Reading Time: 2 minutes read

Article Length: 223 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 467819

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About Times of India

Times of India Logo

Main Topics: Economy

Official Website: timesofindia.indiatimes.com

Update Frequency: 19 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 5h ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #28

Publisher Details

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