Open offer for Fortis Healthcare shares at INR 170

Northern TK Venture Pte. Ltd., along with IHH Healthcare Berhad and Parkway Pantai Limited, has announced an open offer to acquire up to 197,025,660 equity shares of Fortis Healthcare Limited, representing 26.10% of the expanded voting share capital. The offer price is set at INR 170 per equity share, with an additional applicable interest of INR 53.80 per share payable exclusively to original shareholders. The total maximum consideration for the offer, assuming full acceptance, amounts to INR 44,094,342,708.

The tendering period for this open offer is scheduled to commence on Monday, October 20, 2025, and conclude on Tuesday, November 4, 2025. This offer follows the acquirer's preferential allotment of 235,294,117 equity shares at INR 170 per share on November 13, 2018, which gave the acquirer a controlling stake and promoter classification in Fortis Healthcare.

HSBC Securities and Capital Markets (India) Private Limited, HDFC Bank Limited, Citigroup Global Markets India Private Limited, and Deutsche Equities India Private Limited are serving as the joint managers for the open offer. The acquirer has made firm financial arrangements, including a bank guarantee of INR 44,579,912,447 and a cash escrow amount of INR 450,302,146, to fulfill its obligations.