Fortis scraps SRL, Fortis Malar merger scheme
"The entire process was expected to take 6-8 months, however, due to reasons beyond the company's control, the process has taken over 19 months and is still not complete," Fortis Healthcare said in a late night filing on Wednesday.
The scheme is currently pending for approval with the National Company Law Tribunal (NCLT), Chandigarh bench. Image source: Reuters