India's Fortis Healthcare drops as it challenges Daiichi Sankyo case court audit order
16/09/2026 07:57
BUZZ-India's Fortis Healthcare drops as it challenges Daiichi Sankyo case court audit order ** Shares of Fortis Healthcare FOHE.NS drop 1.4% to 867.25 rupees
** Hospital operator says it files a special leave petition in Supreme Court challenging a Delhi High Court order directing a forensic audit of transactions involving Fortis, Malaysia's IHH Healthcare IHHH.KL
** Audit forms part of a probe into allegations that former Fortis promoters moved or disposed of assets that could have been used to satisfy Daiichi Sankyo's 2016 arbitration award against former promoters Malvinder and Shivinder Singh
** Audit will examine the disposal of their Fortis shareholding, subsequent change in control of hospital operator and role of relevant stakeholders
** YTD, stock down 1.8%
(Reporting by Kashish Tandon in Bengaluru)