A bench headed by justice J. Chelameswar also issued a notice to the Singh brothers and others seeking their response before the next date of hearing. RHC Holdings has an 80.67% in Fortis Healthcare Holding Pvt. Fortis Healthcare Holdings in turn has a 52.5% stake in Fortis Healthcare. The arbitral award came after Daiichi alleged that the Singh brothers had concealed crucial information while selling Ranbaxy to it for $4.6 billion in 2008. The Singh brothers are contesting the award.

Source: Mint August 11, 2017 07:07 UTC