All Stories for Fortis Stake Sale
Fortis stake sale: Healthcare major extends deadline for submission of binding bids to 28 June
• 7 years agoCash-strapped Fortis Healthcare, which is in the process of finding a buyer, has extended the deadline for submission of binding bids to 28 June
Fortis stake sale: Board outlines fresh bidding process, bidders given 10 days for financial, legal due diligence
Fp Staff • 7 years agoThe 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: Board invites fresh bids after terminating Munjal-Burman offer, sets 14 June deadline
• 7 years agoFortis Healthcare on Tuesday initiated a fresh time-bound bidding process for its sale after terminating the offer made by the Munjal-Burman combine
Fortis stake sale: Malaysia's IHH Healthcare Berhad extends validity of revised offer to 30 June
• 7 years agoMalaysian firm IHH Healthcare Berhard on Friday extended the acceptance period for its enhanced revised proposal for acquiring Fortis to 30 June
Fortis stake sale: Three directors quit ahead of shareholder vote today citing personal reasons
• 7 years agoThe directors quitting is the latest twist in a prolonged takeover for Fortis, one of the country’s largest hospital operators.
Fortis stake sale: Independent director quits ahead of board meet tomorrow citing 'personal reasons'
• 7 years agoThe crucial stakeholders meeting to be held on 22 May to decide the fate of four independent directors -- Brian Tempest, Harpal Singh, Sabina Vaisoha and Gen Shergill.
Fortis stake sale: Malaysian firm IHH Healthcare back in race with bid validity extended to 29 May
• 7 years agoIHH Healthcare had increased its offer to directly invest in Fortis Healthcare at Rs 175 per share on 1 May. It had initially made a non-binding offer to invest in Fortis at Rs 160 per share.
Fortis stake sale: Board opts for Munjal-Burman combine offer after five-way bidding war
• 7 years agoThe board of Fortis Healthcare on Thursday recommended the binding offer of the Munjal-Burmans combine to the shareholders after 18 months of hectic parleys
Fortis stake sale: Two major investors plan to vote against Manipal Hospitals-led consortium's potential take over
• 7 years agoTwo major investors in Fortis Healthcare plan to vote against a Manipal Hospitals-led consortium if that group is selected as the winning bidder