Fortis withdraws "arrangement and amalgamation" scheme
Mumbai, June 14: Fortis Healthcare (FHL) has withdrawn a composite scheme of "arrangement and amalgamation between the company, Fortis Malar Hospitals, SRL and their respective shareholders and creditors", subject to NCLT approval.
According to a late Wednesday night BSE filing, the company said the scheme is "currently pending for approval with the NCLT, Chandigarh Bench".
The company cited delays in the process as one of the reasons to withdraw the scheme. FHL said the entire process was expected to be completed in 6-8 months, however, due to
reasons beyond its control, the process has taken over 19 months and is still not complete.
"During this period of 19 months (a) healthcare sector has witnessed strong headwinds and (b) performance of diagnostics business has not been optimum," the filing said.
"Given the challenges or headwinds in the sector and less than optimum performance of the diagnostics business during the period of delay, the demerger and a subsequent listing may result in value unlocking that may not be optimum for Fortis shareholders at this point of time."
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
2 men dragged for 300 metres by truck in Agra; locals save their lives
Agra, Dec 23: A truck driver dragged two people for about 300 metres in Agra under his vehicle, police on Monday said.
Some locals forced the driver to stop the truck and extricated the men from under the vehicle.
Police arrested the driver and seized the truck.
The two men, both residents of Nunhai in Agra, were going towards Rambagh from Waterworks when they met with an accident around 11 pm Sunday.
The driver, instead of stopping the truck sped up, trapping both of them underneath, police said.
"In the accident, two youths were dragged by a canter driver for about 300 metres. Later, some residents saved the youths by stopping the driver using force," Chhatta Police Station Inspector Pramod Kumar told PTI.
"The youths were sent for treatment at a nearby hospital and are still being treated, but are in stable condition. The youths were from Agra. The canter driver was arrested and the canter seized after the incident," he said.
A video of the incident that surfaced on social media showed the men shouting for help.
The video was purported to have been shot by a person passing by on a two-wheeler.
“पिछली पोस्ट में वीडियो में युवकों को मोटर साइकल सहित ट्रक वाला कई मीटर तक घसीटता हुआ ले जाता गया देखा था,
— Umashankar Singh उमाशंकर सिंह (@umashankarsingh) December 23, 2024
अब जनता द्वारा उस ट्रक ड्राइवर की ठुकाई पिटाई का समारोह देखिए।”#Agra@madanjournalist
pic.twitter.com/Qh5ncyWtEa
HORRIFYING!
— Sanjay Kishore (@saintkishore) December 23, 2024
In Agra, a truck driver dragged two men for 300 meters. Locals intervened, stopping the truck and saving the men. Both are stable but continue receiving treatment. The driver has been arrested and the truck seized.
pic.twitter.com/1ply5wemfX
