Fortis Healthcare Limited — Important, 21-03-2025: General Updates

Fortis Healthcare Limited has announced a board meeting to discuss the acquisition of Shrimann Superspecialty Hospital in Jalandhar. However, the acquisition is currently impacted by an ex-parte injunction preventing the consummation of the sale due to a dispute over payments between Cancer Treatment Services Hyderabad Pvt Ltd (CTSH) and Shrimann Hospital, although the outstanding amounts are considered non-material. The company is not involved in the litigation and anticipates that the parties will seek an amicable resolution. This situation may create short-term uncertainty, but the company remains positioned to navigate this challenge effectively, potentially leading to a positive outlook should a settlement be reached.