New Delhi, Nov 14 (PTI) A unit of Malaysia-based IHH Healthcare has sued Daiichi Sankyo for 20 billion yen for alleged interference in stake buy in Fortis Healthcare.

Northern TK Venture Pte Ltd (NTK), a unit of IHH, has filed a claim in Tokyo District Court, seeking damages in excess of 20 billion Japanese yen from Daiichi Sankyo.

Also Read | Sri Lankan Supreme Court Finds Mahinda Rajapaksa Brothers and Top Officials Responsible for Economic Crisis.

NTK's position is that Daiichi Sankyo has caused losses by preventing it from proceeding with the open offers in respect of the company and Fortis Malar Hospitals, Fortis Healthcare said in a regulatory filing.

NTK is also seeking an injunction to prevent Daiichi from making defamatory remarks against it with respect to the aforesaid open offers, it noted.

Also Read | Elon Musk-Run X Takes Action Over 325,000 Posts, 375,000 Accounts for Israel-Hamas War Violations.

"The Claims filed by NTK against Daiichi Sankyo are tort claims premised on the latter's unlawful interference with NTK's trade or business, conspiracy of Daiichi Sankyo and other persons, malicious falsehood and defamation under the applicable substantive laws," IHH noted.

In November 2018, IHH had acquired, via a preferential allotment, a 31.17 per cent stake in Fortis by infusing a fresh capital of Rs 4,000 crore.

The IHH-Fortis deal is stuck due to a legal battle between Daiichi and the former promoters of Fortis Healthcare.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)