The statement also referred to an article dated Sept 23 by The Edge Markets, which noted the slip in IHH’s share price on the Malaysian Bursa to the lowest in 13 months. The same was true for IHH’s SGX-listed shares, which came in at a 52-week low as at the close of Sept 23. The decline in share price came after the Indian Supreme Court’s decision to not lift the stay on IHH’s open offer for shares in Fortis.
IHH Healthcare, on Sept 26, released a statement to reaffirm its commitment to its patients in India, to Fortis as well as investors in the group.
The statement was made after the group was “aware” that there was “keen interest” regarding the latest judgement made by the Indian Supreme Court on “various legal proceedings undertaken by Daiichi Sankyo Company Limited in relation to certain other parties, into which Fortis Healthcare Limited (Fortis) has been drawn.”
