FORTIS HEALTHCARE LTD. - Regulation 30 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015- SEBI Show Cause Notice
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| 21 Nov 2020 | |
| Dear Sir(s), <BR> <BR> This is in continuation of our intimation dated October 18, 2018, December 22, 2018, March 20, 2019 and November 13, 2020 with respect to an ad-interim ex-parte order passed by Securities and Exchange Board of India ('SEBI') in the matter relating to the alleged diversion of funds from the Company by its erstwhile promoters. SEBI has issued a show cause notice ('SCN') vide no. SEBI/HO/IVD/ID2/OW/P/2020/19924/1 dated November 20, 2020 in the aforesaid matter to inter alia the Company and Fortis Hospitals Limited (a wholly owned subsidiary of the Company) ('FHsL'). The management and Board of the Company that was newly constituted after NTK Ventures Pte. Ltd. (a wholly owned subsidiary of IHH Healthcare Berhad) became promoters of the Company, are evaluating the SCN in detail, in consultation with its legal advisors. The disclosure as required under Regulation 30 is enclosed as 'Annexure-A'. <BR> <BR> This is for your information and records please.<BR> | |
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