Corporate News     14-Jun-18
Board of Fortis Healthcare decides to withdraw scheme of arrangement and amalgamation
On 13 June 2018
Fortis Healthcare announced that the scheme of arrangement and amalgamation between the Company, Fortis Malar Hospitals and SRL is currently pending for approval with the National Company Law Tribunal (“NCLT”), Chandigarh Bench. Further, the entire process was expected to take 6-8 months, however, due to reasons beyond the Company's control, the process has taken over 19 months and is still not complete.

Further, the company had at its meeting held on 28 May 2018 and further adjourned to 29 May 2018 has decided to initiate a fresh, time-bound process to optimize the Company's and shareholders' short and long-term interests.

Consequently, the Board of the company on 13 June 2018 has approved the withdrawal of the Scheme, subject to the approval of the NCLT.

Previous News
  Fortis Healthcare AGM scheduled
 ( Corporate News - 03-Jul-24   17:34 )
  Fortis Malar Hospitals to convene AGM
 ( Corporate News - 03-Jul-24   17:30 )
  Benchmarks trade near flatline; media shares extend gains for 7th day
 ( Market Commentary - Mid-Session 24-May-24   11:41 )
  Board of Fortis Healthcare recommends final dividend
 ( Corporate News - 24-May-24   10:05 )
  Fortis Healthcare consolidated net profit rises 34.84% in the March 2024 quarter
 ( Results - Announcements 24-May-24   07:34 )
  Fortis Malar Hospitals reports consolidated net profit of Rs 54.05 crore in the March 2024 quarter
 ( Results - Announcements 18-May-24   09:27 )
  Board of Fortis Malar Hospitals recommends final dividend
 ( Corporate News - 17-May-24   19:17 )
  Fortis Healthcare announces board meeting date
 ( Corporate News - 17-May-24   14:57 )
  Fortis Malar Hospitals to announce Quarterly Result
 ( Corporate News - 11-May-24   11:05 )
  Board of Fortis Malar Hospitals recommends interim dividend
 ( Corporate News - 13-Apr-24   11:29 )
  Fortis Malar Hospital fixes record date for interim dividend
 ( Market Beat - Reports 12-Apr-24   17:48 )
Other Stories
  Gujarat Toolroom to conduct EGM
  08-Jul-24   19:53
  Macro Intl. to conduct AGM
  08-Jul-24   19:52
  Ecoboard Industries schedules AGM
  08-Jul-24   19:52
  Eraaya Lifespaces schedules EGM
  08-Jul-24   19:52
  Binny to convene EGM
  08-Jul-24   19:52
  ICRA upgrades long term rating on bank facilities of Keystone Realtors
  08-Jul-24   19:17
  Sadbhav Engineering schedules EGM
  08-Jul-24   19:08
  Board of Va Tech Wabag approves divestment of Wabag Romania
  08-Jul-24   19:08
  Global Capital Markets to announce Quarterly Result
  08-Jul-24   19:07
  Motherson Sumi Wiring India schedules board meeting
  08-Jul-24   19:07
Back Top