Fortis stake sale: Board outlines fresh bidding process, bidders given 10 days for financial, legal due diligence
The bids should also provide a plan for funding Fortis’s acquisition of RHT Health Trust’s Indian assets, agreed in November, and options to private equity investors to exit Fortis’s unit SRL Ltd.
Fortis stake sale: Manipal-TPG revises offer again, values it at Rs 8,358 cr; proposes to infuse Rs 2,100 crore upfront
Manipal Health also offered to subscribe to the equity shares of Fortis by way of preferential allotment for Rs 2,100 crore at a price per equity share of Rs 160.
Fortis stake sale: Sunil Munjal's Hero Enterprise, Dabur's Burman raise bid to Rs 1,500 cr from Rs 1,250 cr last week
Fortis, which runs about 30 hospitals across India, has become the target of a takeover battle, with Malaysia’s IHH Healthcare Bhd, local rival Manipal Health Enterprises Pvt Ltd and China’s Fosun International Ltd vying for the cash-strapped company
AFI, the body which announced the squad on 23 July, justifies Chitra's exclusion by saying her performances didn't meet international standards.