IHH backs Fortis deal amid Indian forensic audit

IHH backs Fortis acquisition amidst India forensic audit order. IHH Healthcare has reaffirmed its commitment to acquire Fortis Healthcare despite a forensic audit ordered by Indian regulators. The audit follows concerns over past transactions involving $350 million in payments to Singapore’s Mandarin Oriental. While the deal faces scrutiny, IHH remains confident of closing, with no material changes expected.

📊 STOCKS: $FORTIS | 🏢 SECTOR: Healthcare | #MEDIUMIMPACT #FortisHealthcare