Singhs had nothing to do with Fortis when IHH invested in it: Rakesh Jhunjhunwala - News Summed Up

Singhs had nothing to do with Fortis when IHH invested in it: Rakesh Jhunjhunwala


NEW DELHI: Ace stock market investor and Fortis’ largest individual shareholder Rakesh Jhunjhunwala has endorsed Malaysian company IHH Healthcare ’s Rs. "Malvinder and Shivinder had nothing to do with Fortis when IHH invested in the company. All the money came into Fortis,” Jhunjhunwala said, stressing that several parties were given an offer to bid for the company. “The open offer should be completed as per Sebi norms,” he demanded. Fortis has maintained that to its knowledge the Singh’s did not own any units in RHT when the deal to buy out the trust took place.


Source: Economic Times December 09, 2019 00:56 UTC



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