India: IHH acquisition of Fortis hits roadblock

India’s Supreme Court might have refused to lift its block on IHH Healthcare’s mandatory takeover offer of Indian major Fortis Healthcare, but this is unlikely to be too much of a game-changer. As Nafisah Azmi, analyst at AmInvestment Bank in Kuala Lumpur, says, “there will be minimal impact operationally as IHH remains a controlling stakeholder…