Fortis Malar Hospitals Ltd — Important, 01-01-1970: Company Update

Northern TK Venture, along with IHH Healthcare and Parkway Pantai, has launched an open offer for Fortis Malar Hospitals. They aim to acquire up to 4,894,308 shares, or 26.11% of the company's voting capital, at INR 17.6 per share. Critically, shareholders who have held their shares since December 24, 2018 ('Original Shareholders') will receive an additional INR 18.36 per share in interest, bringing their total to INR 35.96 per share. This offer stems from an indirect change of control. Fortis Malar recently sold its hospital business and no longer has operations. An independent director committee will present its view on the offer. The tendering window is October 20 to November 4, 2025.