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Feb 18, 2021 09:08 PM IST The top court had earlier asked the Singh brothers to give it a plan as to how they would honour the arbitral award of Rs 3,500 crore granted by a Singapore tribunal against them and in favour of Japanese drug manufacturer Daiichi Sankyo.
Sep 25, 2020 06:34 PM IST RFL had placed neraly Rs 750 crore in fixed deposits with Lakshmi Vilas Bank for short-term tenor with intention to keep them free from all and any encumbrance
Jan 10, 2020 08:25 PM IST In the charge sheet, filed by ED's Special Public Prosecutor Nitesh Rana, the probe agency has accused all three of money laundering, punishable under sections 3 and 4 of the Prevention of Money Laundering Act.
Jan 10, 2020 08:17 PM IST ED on January 10 filed a charge sheet against Shivinder Singh and his brother Malvinder before a Delhi court in a case related to alleged misappropriation of funds at Religare Finvest Ltd.
Oct 13, 2019 01:28 PM IST Investigating agencies have a task at hand to find out the money trail -- where it had flown and who were the end beneficiaries
Oct 10, 2019 06:11 PM IST The EOW of Delhi Police is also on the lookout for former Ranbaxy CEO Malvinder Singh.
May 14, 2019 07:49 PM IST Sebi, in an ad interim ex-parte order of October 17, 2018, had directed that FHL take necessary steps to recover Rs 403 crore along with interest from the Singh brothers and various promoter companies within three months.
Mar 14, 2019 08:10 PM IST The top court asked the Singh brothers to consult their accountants as also financial and legal advisors and apprise it by March 28.
Feb 17, 2019 05:16 PM IST The other people who are named in the complaint include Gurkirat Singh Dhillon, Gurpreet Singh Dillon, Shabnam Dhillon, Godhwani kin - Sunil and Sanjay.
Dec 17, 2018 01:43 PM IST The proposed open offer is scheduled to be launched from December 18 to January 1, 2019.
Sep 26, 2018 12:01 PM IST A class action suit is one that allows a large number of people having a common cause of action to jointly file or pursue a litigation.
Mar 28, 2018 07:40 AM IST Fortis Healthcare's Malvinder Singh and Shivinder Singh referred as Singh brothers, have also promised of their support to the management and Board for the successful transition.
Feb 21, 2018 10:12 AM IST Analysts say Fortis is fast reaching a point of make or break. Only a deep pocketed strategic investor could salvage the company.
Jan 23, 2017 08:51 PM IST In the long drawn court battle between Japanese drugmaker Daiichi Sankyo and the former Ranbaxy promoters Malvinder and Shivinder Singh, the Delhi High Court today ordered the Singh brothers to declare the value of their debt free shareholdings in various group companies by February 8.
Jan 07, 2017 10:52 AM IST In a bid to tide over cash crunch at the group level, Malvinder Singh and Shivinder Singh are looking to divest majority stake in Fortis Healthcare, Religare Health Insurance, Religare Securities and eventually in Religare Enterprises, The Economic Times reported Saturday.
Dec 13, 2016 09:41 AM IST Billionaire brothers Malvinder and Shivinder Singh are in talks with private equity group TPG Capital to lay off a significant minority stake in Fortis Healthcare, reports The Economic Times.
Oct 24, 2016 07:48 AM IST Following last year's failed attempts by Malvinder Singh and Shivinder Singh to sell stake in financial services group Religare Enterprise of which they are promoters, the brothers are reportedly in talks to sell Religare Invest, according to a story in The Economic Times.
Jul 02, 2015 09:38 AM IST Malvinder Singh and Shivinder Singh have been planning to offload their entire holding or a minimum 51 percent stake in the company. As of June 2015, the promoters hold 50.93 percent in Religare.
May 28, 2015 06:37 PM IST The income from operations during the period under review was Rs 1,049.46 crore, as against Rs 928.08 crore a year ago.
Mar 27, 2015 05:45 PM IST The company said that J P Morgan and Religare Capital Markets acted as financial advisors to Fortis for the transaction.
Feb 13, 2015 05:56 PM IST Shivinder Singh, executive vice-chairman, Fortis Healthcare says the company clocked a growth of 12 percent this year in its India business at about Rs 970 crore.
Oct 15, 2013 11:53 AM IST "The divestment enables Fortis to further strengthen balance sheet and substantially improve net debt equity ratio, creating further room for growth," Malvinder Singh, executive chairman, and Shivinder Singh, executive vice chairman of Fortis Healthcare said.
Aug 14, 2013 03:21 PM IST By selling global assets, Fortis is cutting losses but does that justify the method in its acquisition madness?
Jun 27, 2013 09:10 AM IST The transaction is part of a plan by Religare's founders, billionaire brothers Malvinder and Shivinder Singh, to bring down their holding to 49 percent in order to qualify for a banking licence in India.
Mar 28, 2013 03:53 PM IST Four solutions for India's health care sector
