Due to a disagreement with India-based Fortis Healthcare Limited, AFC Health Limited has asked the securities regulator to provide conditional consent for an initial public offering (IPO), which was previously halted.
On May 1, the healthcare facility provider wrote to the Bangladesh Securities and Exchange Commission (BSEC) about the problem. AFC Health uses Fortis Healthcare Limited for a variety of surgical and management services.
AFC Health and Forties Healthcare have revised their attitude on the amount outstanding payable by AFC Health through numerous correspondence, according to the AFC letter. After the payment was completed, the two parties agreed to sign a no-claim agreement. The total amount owed is Rs2.81 crore. After receiving regulatory approval, AFC Health has agreed to pay the fees.
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