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IHH Healthcare slips below RM6 after failing to lift stay on open offer for Fortis shares

The Edge Markets LogoThe Edge Markets1w ago

IHH Healthcare slips below RM6 after failing to lift stay on open offer for Fortis shares - The Edge Markets

Quick Summary:

Daiichi had acquired pharmaceutical firm Ranbaxy in 2008 from Malvinder Singh and Shivinder Singh, who are also the former owners of Fortis.

Fortis shares plunged as much as 20% on Thursday, the most since February 2018, during trading in Mumbai after the court ruling.

The Indian court on Thursday also sentenced the Singh brothers to six months in jail, on charges of contempt of court.


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Article Details

Category: InvestingFinance

Topics: Daiichi Singh Offer Shares Open Fortis 2018 Thursday Healthcare Supreme Court

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-22, 13:18:40

News Timezone: GMT +8:00

News Source URL: theedgemarkets.com

Language: English

Reading Time: 3 minutes read

Article Length: 397 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 470596

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About The Edge Markets

The Edge Markets Logo

Main Topics: InvestingFinance

Official Website: theedgemarkets.com

Update Frequency: 103 posts per day

Year Established: 1994

Headquarters: Malaysia

News Last Updated: 11h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #17

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