NSEGeneral Updates3d ago · 28 Oct 2026, 07:15 pm

General Updates

Fortis Healthcare Limited · FORTIS

✦ AI Summary▲ PositiveM&A

Fortis Healthcare Limited has informed the Exchange about General Updates. The company's wholly-owned subsidiary, International Hospital Limited, has acquired the business and operations of Suguna Ramaiah Hospitals Private Limited, and the land and building of Suguna from one of its promoters, Dr. Ramaiah Ravindra. The acquisition has been consummated for approximately INR 277 Crores.

Analysis Scores

Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk5/10
Liquidity Impact9/10
Market Sentiment8/10

✦ Ask a Question

Ask anything about this announcement — AI will answer based on the filing content.

0/500

Full Announcement

Fortis Healthcare Limited has informed the Exchange about General Updates

Attachments (1)

📄

FORTIS_28102026191516_Intimation.pdf

pdf

Download →
View document text
Fortis Healthcare Limited Tower-A, Unitech Business Park, Block-F, South City 1, Sector – 41, Gurgaon, Haryana – 122 001 (India) Tel : 0124 492 1033 Fax : 0124 492 1041 Emergency : 105010 Email : secretarial@fortishealthcare.com Website : www.fortishealthcare.com October 28, 2026 FHL/SEC/2026-27 The National Stock Exchange of India Ltd. BSE Limited Scrip Symbol: FORTIS Scrip Code:532843 Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Madam/Sir, Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirement) Regulation, 2015 (“SEBI Listing Regulations”), this is to inform you that International Hospital Limited (“IHL”), a wholly-owned subsidiary of the Company, has on October 28, 2026 at 06:42 P.M. (IST), signed (i) a business transfer agreement for acquisition of the entire business and operations of Suguna Ramaiah Hospitals Private Limited (“Suguna”) from Suguna, and (ii) a sale deed for acquisition of the land and building of Suguna, situated at Dr. Rajkumar Road, ‘N’ Block, III Stage, Rajajinagar, Prakashnagar, Bengaluru (“Proposed Transaction”) from one of the promoters of Suguna. The Proposed Transaction has been consummated today, as per the closing conditions, under the terms of the aforesaid business transfer agreement and sale deed. The details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026 are as enclosed in Annexure A. Further, the press release issued in this regard, titled “Fortis acquires 110-bedded Suguna Hospital, Rajajinagar, Bengaluru for approx. INR 277 Crs; facility provides further potential to scale up to 150 beds” is also enclosed herewith. This is for your information and record. Thanking you, Yours Sincerely, For Fortis Healthcare Limited Satyendra Chauhan Company Secretary & Compliance Officer M. No. – A14783 Encl.: as above FORTIS HEALTHCARE LIMITED Regd. Office : Fortis Hospital, Sector 62, Phase – VIII, Mohali – 160062 Tel : 0172-4692222, Fax : 0172-5096221, CIN : L85110PB1996PLC045933 Fortis Healthcare Limited Tower-A, Unitech Business Park, Block-F, South City 1, Sector – 41, Gurgaon, Haryana – 122 001 (India) Tel : 0124 492 1033 Fax : 0124 492 1041 Emergency : 105010 Email : secretarial@fortishealthcare.com Website : www.fortishealthcare.com Annexure – A S. No. Particulars Details a. Name of the target entity, details in Name: Acquisition of the business and brief such as size, turnover etc.; operations of Suguna Ramaiah Hospitals Private Limited (“Suguna”) The shareholders of Suguna are: i) Dr. Ramaiah Ravindra: 80.91% ii) Mrs. Suguna Ramaiah (Mother): 14.55% iii) Mrs. Sujatha Ravindra (Wife): 4.54% Acquisition of the land and building of Suguna from Dr. Ramaiah Ravindra. Revenue from operations (for the period ended March 31, 2026) was INR 49,79,86,452/- b. Whether the acquisition would fall No within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” c. Industry to which the entity being Healthcare services acquired belongs d. Objects and impact of acquisition The acquisition is in line with the Company’s (including but not limited to, cluster-focused inorganic growth strategy and disclosure of reasons for acquisition of further bolsters the Company’s network in the target entity, if its business is outside city of Bengaluru. Suguna Hospital adds to the the main line of business of the listed Company’s presence in the North West entity Bengaluru catchment enabling the Company to scale up and further deliver quality healthcare services to patients in the specific micro market and the surrounding catchment e. Brief details of any governmental or Not applicable regulatory approvals required for the acquisition. FORTIS HEALTHCARE LIMITED Regd. Office : Fortis Hospital, Sector 62, Phase – VIII, Mohali – 160062 Tel : 0172-4692222, Fax : 0172-5096221, CIN : L85110PB1996PLC045933 Fortis Healthcare Limited Tower-A, Unitech Business Park, Block-F, South City 1, Sector – 41, Gurgaon, Haryana – 122 001 (India) Tel : 0124 492 1033 Fax : 0124 492 1041 Emergency : 105010 Email : secretarial@fortishealthcare.com Website : www.fortishealthcare.com f. Indicative time period for completion The transaction has been consummated of the acquisition today. g. Consideration -whether cash Cash consideration consideration or share swap or any other form and details of the same h. Cost of acquisition and/or the price at The Proposed Transaction does not entail which the shares are acquired acquisition of ‘shares’. 1. IHL is acquiring the business and operations of Suguna Ramaiah Hospitals Private Limited (“Suguna”) from Suguna, through a business transfer agreement. 2. IHL is acquiring the land and building on which Suguna is situated i.e Dr. Rajkumar Road, ‘N’ Block, III Stage, Rajajinagar, Prakashnagar, Bengaluru from Dr. Ramaiah Ravindra, one of the promoters of Suguna, through a sale deed. The cumulative transaction value for the Proposed Transaction is approx. INR 277 Crores. i. Percentage of shareholding / control Not applicable. acquired and / or number of shares acquired; IHL is acquiring the entire business operations, and assets of Suguna, on a slump sale basis, along with the land and building at Rajajinagar, Bengaluru. j. Brief background about the entity Suguna Hospital is a leading tertiary-care acquired in terms of products/line of multispeciality hospital located in Rajajinagar, business acquired, date of Bengaluru, providing healthcare services, and incorporation, history of last 3 years was commissioned in 2006. The facility built turnover, country in which the on approximately 1 acre of land, currently has acquired entity has presence and any 110 operational beds with a capacity to add other significant information (in brief) another 40 beds (approximately). Below are the turnover details of the last three years: FY24: INR 49,04,50,365/- FY25: INR 49,90,49,374/- FY26: INR 49,79,86,452/- FORTIS HEALTHCARE LIMITED Regd. Office : Fortis Hospital, Sector 62, Phase – VIII, Mohali – 160062 Tel : 0172-4692222, Fax : 0172-5096221, CIN : L85110PB1996PLC045933 Press Release October 28, 2026 Fortis acquires 110-bedded Suguna Hospital, Rajajinagar, Bengaluru for approx. INR 277 Crs; facility provides further potential to scale up to 150 beds Acquisition comprises business operations along with hospital land and building; Consolidates Fortis’ position in the micromarket post the People Tree Hospital acquisition in January this year Deal augments Company’s cluster-focused growth strategy in Bengaluru with an operational bed capacity of ~1000 beds at present Gurugram, October 28, 2026: Fortis Healthcare Limited (“FHL” or “Fortis” or the “Company”), amongst India’s leading healthcare delivery companies, today announced its acquisition of Suguna Hospital in Bengaluru from inter alia Suguna Ramaiah Hospitals Private Limited by way of a slump sale. The said acquisition has been undertaken by FHL’s wholly-owned subsidiary International Hospital Limited (IHL) with the transaction being consummated today. As part of the transaction, IHL would acquire the entire business operations of Suguna Hospital, along with the underlying hospital land and building. The transaction, structured as an all-cash deal is in line with the Company’s cluster-focused inorganic growth strategy and further bolsters Fortis’ network in the city of Bengaluru. Commissioned in 2006, Suguna Hospital is a 110-bedded facility located on Dr Rajkumar Road, Rajajinagar in North-West Bengaluru and has a potential to expand to ~150 beds. The hospital is strategically located in an affluent and densely populated catchment with strong conn [Showing first 8,000 characters — download PDF for full document]