{"id":273265,"date":"2026-09-28T10:11:18","date_gmt":"2026-09-28T04:41:18","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=273265"},"modified":"2026-09-28T10:11:18","modified_gmt":"2026-09-28T04:41:18","slug":"fortis-healthcare-forensic-audit","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/fortis-healthcare-forensic-audit\/","title":{"rendered":"Fortis Says It Is a ‘Complete Stranger’ to the Daiichi Dispute as the Supreme Court Clears a Forensic Audit"},"content":{"rendered":"

Fortis at Rs 821, down 1.69%. Supreme Court cleared the audit on 25 Sep. RSI 22.3, deeply oversold. Market cap Rs 63,047 crore. P\/E 58.9 vs industry 67.7.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

The Fortis Healthcare forensic audit was cleared on 25 September 2026 when the Supreme Court declined to interfere with the Delhi High Court’s 31 August order, while stating that the High Court’s observations against the company were only tentative. Fortis says it was a complete stranger to the Daiichi Sankyo dispute with the Singh brothers, was never party to the arbitration and has had no liability, penalty or fine imposed on it. The shares fell 1.69 percent to Rs 821 on Monday, a mild reaction that suggests investors are waiting for the audit’s scope and findings before pricing in any direct liability.<\/p>\n<\/div>\n

Fortis Healthcare<\/a> said in a disclosure to the stock exchanges, reported on 27 September, that it had no role in the alleged dissipation of its former promoters’ shareholding, and that it was confident an independent audit would confirm this. The disclosure followed a Supreme Court order two days earlier that disposed of the company’s special leave petition against the Delhi High Court’s direction for a forensic audit.<\/p>\n

The audit is linked to Daiichi Sankyo’s efforts to enforce a 2016 arbitral award against Malvinder and Shivinder Singh, the former promoters of both Ranbaxy Laboratories and Fortis. The stock opened lower, and at Rs 821 it was down Rs 14.10 on the day.<\/p>\n

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