Fortis has become the target of a bidding war by suitors seeking to get a share of a boom in India’s private healthcare market
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: Board invites fresh bids after terminating Munjal-Burman offer, sets 14 June deadline
Fortis 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: Manipal Health Enterprises-TPG combine extends validity of revised offer to 6 June
Manipal-TPG combine has said it has extended the validity of its modified offer for Fortis Healthcare to 6 June, 2018.
The 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: 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.
This is the second time Manipal/TPG-led consortium has revised its offer for Fortis Healthcare (FHL)
China's Fosun International targets stressed Fortis Healthcare; offers Rs 156 per share for minority stake
Cash-strapped Fortis Healthcare Ltd said Fosun International Ltd has offered to invest up to $350 million, making the Chinese conglomerate the fourth suitor
Fortis stake sale: Board to meet this week to look at all eligible options as two more parties enter the fray
Fortis Healthcare on Monday said its board will meet this week to "look at all eligible options" as two more parties have entered the fray to acquire it
Fortis Healthcare expresses inability to engage with IHH Healthcare owing to pact with Manipal Health Enterprises
Fortis Healthcare has expressed inability to engage with IHH Healthcare over its acquisition offer due to binding agreements with Manipal Health Enterprises
Group entities of Hero Enterprise Investment Office led by Sunil Kant Munjal and the Burman family of the Dabur Group currently hold around 3 percent stake in the healthcare chain.
If successful, the acquisition would create one of India’s biggest healthcare providers and help resolve an uncertain outlook for Fortis, which has been under a cloud as authorities investigate whether its founders siphoned funds out of the company.
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