In our view, the road is now clear to carry on with plans to change the brand name, he said.
“The point being the brand name, as the world knows, is a name that doesn’t legally belong to Fortis. The Fortis board, therefore, decided that it was most prudent to change the brand name. Everything was held pending the Supreme Court order,” he said.
Rajagopal said they have informed the SC of their intent to change the brand name.
Parkway is a brand owned by Malaysian healthcare major IHH, which is the largest shareholder in Fortis with 31.1% stake.
(With inputs from health)