Delhi High Court forensic-auditor step may delay IHH-Fortis deal
Delhi High Court appointed a forensic auditor to trace alleged asset dissipation tied to former Fortis promoters. CIMB says it may have minimal impact on IHH, but could delay the takeover.
The Delhi High Court's appointment of a forensic auditor to trace alleged asset dissipation linked to former Fortis promoters Malvinder Singh and Shivinder Singh is likely to have minimal impact on IHH Healthcare, says CIMB Securities analyst Chun Sung Oong in a note.
However, the development could…