Fortis investors flag legal overhang after Delhi HC order

Domestic and foreign institutional investors of Fortis Healthcare (Fortis) have expressed concern that the Delhi High Court’s order seeking a forensic audit of transactions involving its former promoters. The Aug 31 high court order came in a case arising from Japanese firm Daiichi Sankyo’s efforts to enforce its arbitral award against the erstwhile Fortis promoters. Last week, Fortis filed a special leave petition (SLP) in the Supreme Court challenging the order.