Fortis Healthcare
774.75
-19.75(-2.49%)
Market Cap₹59,981.40 Cr
PE Ratio69.09
Company Performance:
1D-2.49%
1M+7.25%
6M+9.35%
1Y+64.30%
5Y+531.93%
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Latest news about Fortis Healthcare
More news about Fortis Healthcare
05May 25
Fortis Healthcare Receives Favorable Tax Rectification Order, Eliminating ₹89.53 Crore Demand
Fortis Healthcare's subsidiary, Fortis Hospitals Limited, has received a favorable rectification order under the Income Tax Act. The initial tax demand of ₹89.53 crore for the Assessment Year 2022-23 has been reduced to nil. This rectification, issued on May 5, 2025, corrects errors in the original assessment order. Fortis Healthcare states this development will not impact its financial or operational activities in quantifiable monetary terms.
03Apr 25
Fortis Healthcare Subsidiary Faces ₹76.19 Crore Tax Demand, Plans Appeal
International Hospital Limited (IHL), a subsidiary of Fortis Healthcare, has received an income tax demand of ₹76.19 crore for the Assessment Year 2019-20. The demand stems from disallowed interest expenses. IHL is considering appealing the order. Fortis Healthcare states this will not materially impact IHL's financials or operations.
03Apr 25
Fortis Healthcare Secures Ownership of 'Fortis' Brand in Landmark Delhi High Court Ruling
The Delhi High Court has confirmed the sale of 'Fortis' trademarks to Fortis Healthcare Limited for ₹200.00 crore, ending a complex legal dispute. The ruling rejects objections to the valuation and auction process, grants Fortis Healthcare full ownership rights, and allows for trademark registration transfer. The court has scheduled the execution of the sale deed for April 16, 2025.
02Apr 25
Fortis Healthcare Secures 'Fortis' Trademark for Rs 200 Crore in Delhi High Court Ruling
Fortis Healthcare Limited has won a significant legal battle, obtaining full ownership of its brand name and associated trademarks. The Delhi High Court confirmed the sale of the 'Fortis' marks to the healthcare provider for Rs 200.00 crore. This decision follows a Supreme Court judgment from September 2022 that made these trademarks available for satisfying a decree in favor of Daiichi Sankyo Company Limited. The acquisition allows Fortis Healthcare to solidify its brand identity, potentially enhancing its market value and investor confidence.
24Mar 25
Fortis Healthcare Faces Legal Hurdle in Shrimann Hospital Sale
Fortis Healthcare faces a legal setback as an ex-parte injunction order stops the planned sale of Shrimann Hospital. Shrimann Hospital is seeking an amicable settlement to vacate the order. This legal obstacle could impact Fortis's strategic plans, financial projections, and investor sentiment. The healthcare sector is closely watching the situation's resolution and its potential effects on Fortis's performance and growth strategy.
21Mar 25
Fortis Healthcare Faces Legal Hurdle in Shrimann Hospital Acquisition
Fortis Healthcare Limited's planned acquisition of Shrimann Hospital in Jalandhar has been temporarily halted by an ex-parte injunction order issued on March 20, 2025. The order stems from a petition filed by Cancer Treatment Services Hyderabad Private Limited against Shrimann Hospital regarding alleged dues. Fortis Healthcare, not a party to the litigation, reports that Shrimann Hospital is seeking an amicable settlement and vacation of the injunction. This legal obstacle comes despite recent shareholder approval for the acquisition and related financial arrangements.
06Mar 25
Fortis Healthcare Sees Significant Block Trade on NSE
A significant block trade of 561,829 Fortis Healthcare shares occurred on the National Stock Exchange at Rs. 665.55 per share, totaling Rs. 37.39 crores. This large transaction could potentially indicate shifts in investor holdings or market sentiments towards the company, although the identities of the buyer and seller remain undisclosed.
Fortis Healthcare
774.75
-19.75
(-2.49%)
1 Year Returns:+64.30%
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