Tpg
Recent Highlights
All Stories for Tpg
Jet Airways crisis: SBI-led consortium gives up revival bid, votes for bankruptcy court to recover Rs 8,000 cr dues
•The Etihad-Hinduja consortium had reportedly shown interest in Jet Airways but not given a concrete proposal yet, forcing the lenders to take the NCLT plunge
Jet Airways crisis: Etihad Airways bid in cash-strapped airline comes as a sign of relief but hinges on finding another partner
Ajay Awtaney •Etihad’s bid for Jet Airways is a sort of a surprise as it has run up $4.8 billion worth of losses over the past three years
Govt should not rescue cash-strapped Jet Airways, it's not in State's interest to run airlines
Vivek •The operational creditors of Jet Airways, everyone from its service providers to its workers, can still take the airline to the bankruptcy court.
Healthcare sector may see further consolidation in 2019; more partnerships between public and private sector expected
•Malaysia's IHH Healthcare has scalped 31.1 percent stake in Fortis for Rs 4,000 crore after months of intense competition and is in process of taking another 26 percent stake.
Jet Airways initiates stake-sale process to raise around $350-400 million from global private equity firms
Fp Staff •Fortis stake sale: Board outlines fresh bidding process, bidders given 10 days for financial, legal due diligence
Fp Staff •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
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)
Malaysia’s IHH Healthcare offers to buy Fortis at Rs 160 per share; trumps Munjal-Burman and Manipal
•Fortis Healthcare said Malaysia’s IHH Healthcare Bhd has offered to buy company at 160 rupees per share, paving way to a better bid than Manipal Hospitals
Fortis Healthcare demerger: Malaysia's IHH may table rival bid this week; minority shareholders might welcome offer
Fp Staff •Malaysian investment holding company IHH Healthcare Bhd could make a rival offer for Fortis Healthcare Ltd in the coming days, valuing the Indian company at as much as $1.3 billion