Times of IndiaLean R·
Fortis investors flag legal overhang after Delhi HC order
Domestic and foreign institutional investors of Fortis Healthcare (Fortis) have expressed concern that the Delhi High Court’s order seeking a forensic audit of transactions involving its former promoters. The Aug 31 high court order came in a case arising from Japanese firm Daiichi Sankyo’s efforts to enforce its arbitral award against the erstwhile Fortis promoters. Last week, Fortis filed a special leave petition (SLP) in the Supreme Court challenging the order.
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