Daiichi Demands Court Block Fortis Sale Until Singhs Pay $550m Arbitration Award

 
• By Penelope MacRae

Daiichi Sankyo has demanded that an Indian court block a mega-deal to sell Indian hospital chain Fortis to a local healthcare provider until the hospital chain’s founders, Malvinder Singh and Shivinder Singh, pay a $550m international arbitration award to the Japanese drugmaker.

Arm wrestling
DAIICHI HAS SOUGHT THAT THE SALE OF FORTIS BE BLOCKED

More from Business

More from Scrip