NCLT approves merger of wholly owned arms of Fortis Hospitals into co
This story was originally published at 18:36 IST on 6 January 2026
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NEW DELHI – The Delhi bench of the National Company Law Tribunal has approved the merger of Fortis Emergency Services Ltd., Birdie & Birdie Realtors Pvt. Ltd., Fortis Health Management (East) Ltd., and Fortis Cancer Care Ltd. into Fortis Hospitals Ltd. "...we approve the scheme subject to the direction that nothing such contained in the scheme, which is hit by Section 6 of the Companies Act, 2013 would be treated as approved and would be non-est," said the tribunal.
Fortis Emergency Services, Fortis Cancer Care, Fortis Health Management (East), and Birdie & Birdie Realtors are wholly-owned subsidiaries of Fortis Hospitals, which in turn is a wholly-owned subsidiary of Fortis Healthcare Ltd.
Fortis Healthcare said Fortis Emergency Services, Fortis Cancer Care, Fortis Health Management (East), and Birdie & Birdie Realtors have nil or only minor operations and are incurring losses. Moreover, they lack the ability to pay for operational expenses and make statutory payments and their net worth has become negative over time, it said.
The companies have also borrowed funds from other group companies, Fortis Healthcare said. The merger will result in a simpler corporate structure, reduction in number of legal entities, reduction in administrative and compliance costs, and a long-term solution for operational and statutory payments of these non-operational entities, it said.
Tuesday, shares of Fortis Healthcare Ltd. ended 3.2% higher at INR 945.00 on the National Stock Exchange. End
Reported by Surya Tripathi
Edited by Rajeev Pai
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