Fortis Healthcare Limited — Important, 06-02-2025: Updates

A material litigation filed by Northern TK Venture Pte Ltd (NTK), a promoter shareholder of Fortis Healthcare, against Daiichi Sankyo Company has progressed, with NTK submitting a brief that includes an expert report quantifying the damages claimed. The report indicates that compensation sought ranges from INR 4.24 billion to INR 109.3 billion, reflecting a significant increase from the initial claim of JPY 20 billion. NTK may amend its claims, including potential additional loss heads and legal fees. Investors should monitor this situation closely, as any outcome could affect Fortis Healthcare's strategic positioning and financial health.