India court ruling on Fortis deal may be a blessing in disguise for IHH
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Anita Gabriel
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COULD investors of IHH Healthcare be caught in a rip tide of "emotional flooding" (an intense knee-jerk reaction fuelled by a sense of danger that results in an instinct to fight and run)?
The stock of Asia's largest private healthcare group that is listed on both the Malaysian and Singapore stock exchanges has bumped by some 7 and 3 per cent respectively since last Friday after news broke that on Dec 14, India's highest court ordered a "status quo" on its buyout of Fortis Healthcare, putting on hold a mandatory open offer for up to 26 per cent more of India's second largest hospital chain.
This hardly qualifies as bad news. Au contraire, it may even be a stroke of good luck for IHH.
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