SEBI Clears IHH Healthcare’s Open Offer for Fortis Healthcare

New Delhi, October 3, 2025: Fortis Healthcare Limited has announced that its parent company, IHH Healthcare Berhad (IHH), received approval from the Securities and Exchange Board of India (SEBI) to move forward with its long-pending acquisition plans. The disclosure was made through a filing with the National Stock Exchange of India (NSE) and BSE Limited. Key Approvals Granted by SEBI According to the announcement issued by IHH on the Malaysian Stock Exchange, SEBI has permitted the following: Preferential Allotment: Subscription of 235,294,117 new equity shares of Fortis Healthcare Limited to Northern TK Venture Pte Ltd, an indirect wholly-owned subsidiary of IHH. Mandatory Open Offer (Fortis Healthcare): Acquisition of up to 197,025,660 equity shares of Fortis, representing 26.10% of the expanded voting share capital. Mandatory Open Offer (Fortis Malar Hospitals): Acquisition of up to 4,894,308 equity shares of Fortis Malar Hospitals Limited, representing 26.11% of its voting share capital. Strategic Significance This development paves the way for IHH to consolidate its ownership in Fortis Healthcare and its subsidiary, Fortis Malar Hospitals, strengthening its position in India’s fast-growing healthcare market. Background The transaction traces back to 2018, when IHH had first announced its intent to acquire a controlling stake in Fortis. Multiple regulatory and legal hurdles had delayed the process. With SEBI’s latest approval, the path is now clear for IHH to execute the preferential allotment and open offers. Official Statement Fortis Healthcare confirmed that it will continue to provide timely updates on material developments related to the transaction. The disclosure was signed by Satyendra Chauhan, Company Secretary and Compliance Officer. ✅ Disclaimer: This article is for informational purposes only and should not be considered as investment advice.