Corporate News     19-Aug-16
Board of Fortis Malar Hospitals approves composite scheme of arrangement and amalgamation
At meeting held on 19 August 2016
Fortis Malar Hospitals announced that the Board of Directors at its meeting held on 19 August 2016 has approved the composite scheme of arrangement and amalgamation between the Company, Fortis Healthcare and SRL and its respectively shareholders and creditors.

Under the scheme, the hospital business of Fortis Malar Hospital (FMHL) shall be transferred to Fortis Healthcare (FHL) as a going concern on slump sale basis, in lieu of payment of lump sum consideration by FHL to the Company; the undertaking of FHL pertaining exclusively to the diagnostic business of FHL shall be transferred to the Company by way of a demerger in lieu of issuance of equity shares by the Company to the shareholders of FHL as per the approves share entitlement ratio; the amalgamation of SRL into the Company and dissolution of SRL without winding up and the consequent issue of equity shares by the Company to the shareholders of SRL and the cancellation of shares of SRL held by the Company (amalgamation).

Previous News
  Fortis Healthcare to hold board meeting
 ( Corporate News - 05-Oct-24   10:06 )
  Board of Fortis Healthcare to consider NCD issuance
 ( Corporate News - 04-Oct-24   19:00 )
  Board of Fortis Healthcare designates Indrajit Banerjee as Chairman
 ( Corporate News - 23-Sep-24   14:03 )
  Stock Alert: Auto firms, Adani Energy Solutions, Fortis Healthcare, Century Textiles, NBCC, Emami
 ( Market Commentary - Stock Alert 02-Sep-24   08:35 )
  Fortis Healthcare to convene board meeting
 ( Corporate News - 28-Aug-24   14:47 )
  Fortis Healthcare consolidated net profit rises 48.50% in the June 2024 quarter
 ( Results - Announcements 07-Aug-24   07:34 )
  Fortis Healthcare to discuss results
 ( Corporate News - 31-Jul-24   11:06 )
  Fortis Malar Hospitals reports consolidated net loss of Rs 0.06 crore in the June 2024 quarter
 ( Results - Announcements 23-Jul-24   07:35 )
  Fortis Malar Hospitals to conduct board meeting
 ( Corporate News - 16-Jul-24   10:32 )
  Fortis Healthcare AGM scheduled
 ( Corporate News - 03-Jul-24   17:34 )
  Fortis Malar Hospitals to convene AGM
 ( Corporate News - 03-Jul-24   17:30 )
Other Stories
  Gujarat Natural Resources to convene board meeting
  05-Oct-24   17:43
  Narmada Macplast Drip Irrigation Sys. to convene board meeting
  05-Oct-24   17:43
  Grill Splendour Services to conduct board meeting
  05-Oct-24   17:43
  Consolidated Construction Consortium to hold board meeting
  05-Oct-24   17:43
  Visagar Polytex to announce Quarterly Result
  05-Oct-24   17:42
  GNA Axles to convene board meeting
  05-Oct-24   17:42
  Fidel Softech to conduct board meeting
  05-Oct-24   17:42
  Rita Finance & Leasing announces board meeting date
  05-Oct-24   17:42
  Pelatro to conduct EGM
  05-Oct-24   17:36
  Thinkink Picturez to hold AGM
  05-Oct-24   17:35
Back Top