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Fortis stock down as SC stays Singh brothers from selling shares

Fri, Sep 01 2017, 12:33 PM

The Supreme Court on Thursday ruled that Malvinder Singh and Shivinder Singh cannot sell their shares in Fortis Healthcare, their hospital chain they are looking to sell off, till the final disposal of the case filed against them by Daiichi Sankyo over disputes in the Ranbaxy sale in 2008. The Fortis stock lost 5% on Thursday, taking its decline since May 2 to 35%.