HBI Deals+Insights / M&A/IPOs
Shares in under-fire Fortis, the large Indian hospital chain targeted by pan-Asian group IHH, dropped by almost 8% following a ruling by the Indian Supreme Court that Fortis' founders were guilty of contempt on Friday for not settling a debt, adding that similar proceedings against Fortis could follow. The IHH deal is now on hold. Could it be in jeopardy?