Munjals Burmans

Fortis stake sale: Malaysian firm IHH Healthcare back in race with bid validity extended to 29 May

IHH 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 Healthcare's director Brian Tempest says Munjals-Burmans bid was prefered owing to certainty, liquidity

Majority of Fortis Healthcare's board opted for the Munjals-Burmans offer keeping in mind the certainty and liquidity issues, the company's director Brian W Tempest said

Fortis Healthcare board members deny allegations made by two institutional shareholders

Fortis Healthcare's four directors, whose removal has been sought by two institutional shareholders, have denied allegations that they failed to maintain corporate governance and fairly represent interests of all shareholders

Manipal Health sweetens offer for Fortis Healthcare again; values hospital business at Rs 6,322 cr

This is the second time Manipal/TPG-led consortium has revised its offer for Fortis Healthcare (FHL)