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Fortis pulls out of amalgamation scheme with Fortis Malar, SRL

Thursday, June 14, 2018, 10:35 AM

Fortis Healthcare withdrew the scheme of arrangement and amalgamation with its units Fortis Malar Hospitals Ltd and SRL Ltd, citing a delay in its completion. The scheme could not be completed even after 19 months due to reasons beyond the company's control, Fortis Healthcare said in a statement. Fortis Malar runs a superspeciality hospital in Chennai while SRL operates a chain of pathology clinics.