Competition Commission clears Fortis group's internal reorganisation
Fortis Malar will be off-loading its healthcare business to Fortis Healthcare as a slump sale on a going concern basis for a certain consideration. Then, Fortis Healthcare will demerge its diagnostics business as well as investment/shareholding in SRL into Fortis Malar, according to the notice.
Oct 24, 2016, 11:52 AM IST
Fortis Healthcare approves demerger of diagnostics business
Fortis Healthcare on Friday said its board has approved demerger of its diagnostics business into another group firm Fortis Malar Hospitals, a move aimed at ensuring independent growth of hospital as well as diagnostics business verticals.
Aug 19, 2016, 21:07 PM IST
