Trade Setup for Thursday: Top 15 things to know before Opening Bell Key support level for the Nifty is placed at 9,808.77, followed by 9,736.38. If the index moves up, the key resistance levels to watch out for are 9,978.57 and 10,075.98.
IHH to continue to execute Fortis plan: Koji Nagatomi, India Chairperson Mitsui IHH Healthcare Berhads acquisition of Fortis Healthcare has been caught in a logjam since December 2018 after the Supreme Court put the sale on hold.
IHH Healthcare’s largest shareholder Mitsui & Co says it will continue to execute Fortis turnaround plan IHH Healthcare acquired a 31% stake in Fortis Healthcare in August 2018, paying $1.1 billion. However, it has not succeeded in making a mandatory open offer to acquire a 26% stake due to a Supreme Court stay order
Delhi HC reserves order on Fortis Healthcare ex-promoter Shivinder Singh's bail plea - The Economic Times Justice Anup Jairam Bhambhani sought certain clarifications from the counsel for Shivinder as well as the Enforcement Directorate (ED) and reserved the verdict.
Open offer relaxation, preferential share allotment pricing norm changes likely among major changes to be made by Sebi Another proposal likely to be considered is the deposition of 100 percent money into an escrow account for an indirect acquisition. Currently, this is applicable for direct acquisition only.