Fortis makes $3.2 bn offer for Parkway: Adviser | business | Hindustan Times
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Fortis makes $3.2 bn offer for Parkway: Adviser

Fortis healthcare along with its founders have made an open offer for all of Parkway Holdings for S$3.21 billion (US$2.3 billion), an adviser to the Indian hospital chain said.

business Updated: Jul 01, 2010 10:14 IST

Fortis healthcare along with its founders have made an open offer for all of Parkway Holdings for S$3.21 billion (US$2.3 billion), an adviser to the Indian hospital chain said.

RSC Healthcare, 51 percent owned by billionaire Singh brothers and the remainder by Fortis, has made the open offer at S$3.80 a share and has tied up all funds, Sachindra Nath, CEO of Religare, advisor to Fortis Healthcare, told Reuters.