Fortis Malar Hospitals Ltd — Important, 03-10-2025: Company Update

Fortis Malar Hospitals announced that the Securities and Exchange Board of India (SEBI) has approved IHH Healthcare Berhad's request to proceed with its open offers for both Fortis Healthcare Limited and Fortis Malar Hospitals Limited. This marks a key development in the long-standing transaction. This involves IHH's indirect wholly-owned subsidiary acquiring a significant stake in Fortis Healthcare through a preferential allotment and a mandatory open offer, which also includes an open offer for Fortis Malar shares. This SEBI clearance allows the acquisition process to advance, impacting shareholders of both Fortis and Fortis Malar.