Malaysia-based IHH Healthcare plans to increase its stake in Fortis Healthcare to 51% over the next three to five years and expand capacity to approximately 10,000 beds by 2031. Pasted text
Malaysia-based IHH Healthcare has announced plans to deepen its investment in Fortis Healthcare, including raising its ownership stake and expanding the hospital network’s capacity in India.
IHH intends to increase its stake in Fortis to 51% over the next three to five years. The healthcare group also plans to further integrate its Fortis and Gleneagles platforms and expand total capacity to approximately 10,000 beds by 2031.
The announcement follows the Supreme Court’s September 25, 2026 decision disposing of Fortis Healthcare’s special leave petition challenging a Delhi High Court order requiring a forensic audit and certain observations concerning the company.
According to a Fortis Healthcare BSE filing, IHH said it would fully cooperate with the forensic audit and expressed confidence that an independent review would establish the facts surrounding its 2018 investment.
IHH reaffirmed its long-term commitment to the Indian market and said it intends to deepen its footprint and increase investments.
The group also addressed the dispute involving Fortis and Daiichi Sankyo, saying it was not a party to the dispute or execution proceedings and was not among the judgment debtors. IHH said it suffered losses because of delays in obtaining mandatory tender-offer approvals required for the Fortis acquisition.
IHH subsidiary Northern TK Venture Pte Ltd acquired its Fortis stake in 2018 through a competitive bidding process. The transaction received corporate, shareholder and regulatory approvals, including clearances from the Competition Commission of India and under SEBI takeover regulations.
IHH invested ₹4,000 crore through a preferential allotment of newly issued Fortis shares for a 31% stake, accompanied by a mandatory tender offer to public shareholders.
The company said no secondary shares were acquired from former promoters Malvinder Mohan Singh and Shivinder Mohan Singh and no payments were made to them. The former promoters had resigned from the Fortis board in March 2018, several months before IHH’s investment in November that year. Pasted text
