Sebi issues notice to Fortis subsidiary in funds diversion case Fortis Healthcare confirmed that this notice was received on Friday The Securities and Exchange Board of India (Sebi) has issued a notice to Escorts Heart Institute and Research Center Ltd — a Fortis Healthcare subsidiary — in a case arising from the allegations of fund diversion by the erstwhile promoters. “Sebi has issued a notice under Rule 4 of Sebi (Procedure for holding inquiry and imposing penalties) Rules, 1995 read with Section 15-I of Sebi Act, 1992 in the matter of Fortis Healthcare Ltd to, among others, Escorts Heart Institute and Research Center Ltd (EHIRCL),” Fortis Healthcare said in a regulatory filing on Friday. Fortis Healthcare added that this notice was received on Friday.