Fortis Healthcare Limited — Important, 20-05-2025: Updates

Fortis Healthcare has announced a board meeting to approve the financial results for the quarter and half-year. Promoter Northern TK Venture (NTK) has escalated its claim against Daiichi Sankyo to around INR 1,093 Cr for tortious losses, along with additional defamation and interest claims. NTK plans to subscribe to 235 million new shares via preferential allotment. Mandatory open offers for further share purchases in Fortis and Fortis Malar Hospitals are underway, which could alter shareholding and control dynamics. Further material developments are expected.