Fortis Acquisition

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Fortis acquisition: Munjal-Burman stay away from fresh bidding; IHH, Manipal-TPG in fray
Business

Fortis acquisition: Munjal-Burman stay away from fresh bidding; IHH, Manipal-TPG in fray

Malaysia's IHH Healthcare and Manipal-TPG combine have put in fresh binding bids for cash-strapped healthcare chain while Munjal-Burman combine, which had earlier emerged as the preferred suitor for Fortis Healthcare, has backed out from the race

Fortis stake sale: Board outlines fresh bidding process, bidders given 10 days for financial, legal due diligence
Business

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.