Fortis case: SC disposes of Daiichi’s plea, orders forensic audit of share sale transaction; stock tumbles 16%

Shares of Fortis Healthcare tumbled about 16 per cent in morning session on Thursday after the Supreme Court of India ordered a forensic audit for its share sale to Malaysia’s IHH Healthcare. The share were trading at Rs 263, down around 16 per cent on Thursday. The had stock ended the previous session at Rs 311.20 on BSE.

(With inputs from health)