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Malaysia’s IHH Healthcare wins Fortis hospitals deal, beats TPG-backed Manipal
By Ari Altstedter | Bloomberg
UPDATED ON JUL 13, 2018 10:09 AM IST
Malaysia-based IHH’s offer would invest Rs 40 billion directly in Fortis through a preferential allotment of shares at Rs 170 a share. The price is a 20% premium to Fortis’s closing level on Thursday. Fortis rejected a competing proposal backed by private-equity firm TPG.
IHH Healthcare makes fresh binding offer for Fortis
By Press Trust of India | Press Trust of India, New Delhi
PUBLISHED ON JUL 03, 2018 03:52 PM IST
Cash-strapped Fortis Healthcare had set July 3 as the deadline for the submission of the fresh binding bids
Fortis Healthcare to initiate fresh round of bidding
By Reuters | Reuters
UPDATED ON MAY 29, 2018 04:18 PM IST
The Munjal-Burman combine, TPG-Manipal consortium and Malaysia’s IHH Healthcare have been invided to participate in the fresh round of bidding.
SEBI probes insider trading violation, other regulatory lapses at Fortis Healthcare
By Press Trust of India | Press Trust of India, New Delhi
PUBLISHED ON MAY 22, 2018 05:49 PM IST
Fortis is in the midst of a heated takeover battle with five entities bidding for the company along with a upheaval at the boardroom, wherein several directors have been stepping down.
Opted for Munjal-Burman offer due to certainty, liquidity issues, says Fortis director
By Press Trust of India | Press Trust of India, Gurgaon
UPDATED ON MAY 11, 2018 05:37 PM IST
While five Fortis board members had voted in favour of the Rs 1,800-crore offer, three members had opted for other offers out of the four binding bids that Fortis Healthcare had received.
Fortis gets improved Rs 1,800 crore offer from Munjals, Burmans
By Press Trust of India | Press Trust of India, New Delhi
UPDATED ON MAY 02, 2018 02:05 PM IST
Fortis Healthcare has already received binding offers from four entities - KKR-backed Radiant Life Care, IHH Healthcare, Manipal/TPG consortium, and Munjal and Burman family offices.
IHH Healthcare revises bid for Fortis, offers Rs 650 crore for immediate infusion
By Reuters | Reuters
UPDATED ON APR 24, 2018 05:22 PM IST
IHH said it plans to infuse the amount via a preferential issue and allotment of shares at Rs160 per share for which it would be given the right to appoint two directors on Fortis board