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Fortis share sale case adjourned by Supreme Court

Jan 28, 2019 12:52 IST

The Supreme Court has adjourned the Fortis share sale case to the 6th of February. The apex court's directive means the hold on the Fortis-IHH deal continues for now. The court has also sought Daiichi's stand on Fortis’ plea to lift a bar on the sale. Japanese drugmaker Daiichi Sankyo had moved the Supreme Court seeking to restrain Fortis Healthcare from transferring any to RHT Health Trust - in which former Fortis promoters Malvinder and Shivinder Singh, had a substantial interest till 2017.

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