India: Sebi asks Fortis Healthcare to recover $55m from founders, eight firms

India: Sebi asks Fortis Healthcare to recover $55m from founders, eight firms

A file photo of Fortis founders Malvinder Singh (left) and Shivinder Singh: Mint

India’s capital markets regulator has asked Fortis Healthcare to recover 4.03 billion rupees ($55 million) from its founder brothers and firms related to them, pending an investigation into loans made by the company.

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