IHH given green light on Fortis bid after seven-year regulatory delay
India’s Securities and Exchange Board (SEBI) has removed a seven-year regulatory overhang by allowing Malaysia-based IHH Healthcare Berhad to resume its long-awaited mandatory tender offers for Fortis Healthcare Ltd. and Fortis Malar Hospitals Ltd. The clearance, granted on October 1, enables IHH’s subsidiary Northern TK Venture Pte. Ltd. to acquire up to 26% in each company, potentially lifting its Fortis stake beyond the…