Post induction of additional nominee directors of IHH on the boards of the company, IHH prefers to align its auditors on a group-wide basis, it added.
“This may lead to streamlining the audit process and also bring inefficiencies from a cost and time perspective,” Fortis Healthcare said.
“The aforesaid matter was discussed with the statutory auditors of the company – Deloitte Haskins and Sells LLP. After due consideration, the auditors have tendered their resignation with effect from December 28, 2018,” it added.
Earlier in November this year, Fortis had announced issuing of 23.53 crore equity shares through preferential allotment to IHH Healthcare Berhad for around Rs 4,000 crore, a move that helped the Malaysian firm take 31.1 per cent stake in the company.