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Fortis seeks arrest of Singh bros

NEW DELHI: Fortis Healthcare Ltd. has said it has asked markets regulator SEBI to initiate legal proceedings, including arrest of its former promoters Singh brothers, to recover Rs 472 crore from them and related entities.

Fortis is also awaiting SEBI approval on de-classification of Singh brothers as promoters.

New Delhi, February 25

Fortis Healthcare Ltd. has said it has asked markets regulator SEBI to initiate legal proceedings, including arrest of its former promoters Singh brothers, to recover Rs 472 crore from them and related entities.

In an application to SEBI for the recovery of the amount, Fortis Healthcare and Fortis Hospitals have asked for the invocation of Section 28A of the Act to recover the amounts from Malvinder Mohan Singh, Shivinder Mohan Singh, RHC holdings Pvt Ltd, Shivi Holdings Pvt Ltd, Malav Holdings Pvt Ltd, Religare Finvest Ltd, Best Healthcare Pvt Ltd, Fern healthcare Pvt Ltd and Modland Wears Pvt Ltd.

Fortis Healthcare has also asked the SEBI for a personal hearing on the matter. — PTI

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