Supreme Court allows forensic audit of Fortis-IHH deal
What happened
- The Supreme Court rejected an appeal by Fortis Healthcare to stop a forensic audit.
- The audit will examine transactions between Fortis, IHH Healthcare, and entities linked to the Singh brothers.
- The audit aims to trace assets and investigate the dilution of the Singh brothers' shareholding in Fortis.
Key terms explained
Financial terms from this story, in everyday words.
- forensic audit
- a detailed investigation of financial records to find evidence of wrongdoing or to trace assets
- dilution
- a reduction in the percentage of ownership of a company's shares
Original source
The Economic Times
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