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.