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The investment will translate into a 0.93 per cent equity stake in Jio Platforms on a fully diluted basis for TPG.(REUTERS)

TPG picks 0.93 pc stake in Jio Platforms for Rs 4,546.80 crore

New Delhi | By Press Trust of India
UPDATED ON JUN 13, 2020 10:00 PM IST
The deal book was opened with Facebook picking up a 9.99 per cent stake in the firm that houses India’s youngest but largest telecom firm on April 22 for Rs 43,574 crore.
Jet Airways, which turned 25 last year, has been, for at least a decade now, unrecognisable from the one that delighted Indians with its service standards in the 1990s and the early 2000s(Abhijit Bhatlekar/Mint)
Jet Airways, which turned 25 last year, has been, for at least a decade now, unrecognisable from the one that delighted Indians with its service standards in the 1990s and the early 2000s(Abhijit Bhatlekar/Mint)

Jet is case of throwing good money after bad

Hindustan Times | By HT Correspondent
UPDATED ON APR 18, 2019 08:01 PM IST
The insolvency and bankruptcy code may be the answer to the airline’s crisis
Ashish Hemrajani,CEO and co-founder of Bookmyshow.(Satish Bate/ Hindustan Times)
Ashish Hemrajani,CEO and co-founder of Bookmyshow.(Satish Bate/ Hindustan Times)

BookMyShow raises $100 million in Series D funding

Reuters | By Reuters
UPDATED ON JUL 18, 2018 03:16 PM IST
A bidding war for cash-strapped Fortis kicked off earlier this year after its founders, brothers Malvinder and Shivinder Singh, lost their shareholding due to debt, and allegations that the Singhs had improperly taken funds from the company.(Getty Images)
A bidding war for cash-strapped Fortis kicked off earlier this year after its founders, brothers Malvinder and Shivinder Singh, lost their shareholding due to debt, and allegations that the Singhs had improperly taken funds from the company.(Getty Images)

Malaysia’s IHH Healthcare wins Fortis hospitals deal, beats TPG-backed Manipal

Bloomberg | By Ari Altstedter
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.
Fortis shareholders voted to remove four members of the company’s board following the bid by Hero-Burman group. Some shareholders had opposed that offer.(Ramesh Pathania/Mint)
Fortis shareholders voted to remove four members of the company’s board following the bid by Hero-Burman group. Some shareholders had opposed that offer.(Ramesh Pathania/Mint)

Fortis weighs offers from four parties in new bidding round

Reuters | By Reuters
UPDATED ON JUN 01, 2018 05:28 PM IST
Binding bids under the new process need to be submitted by June 14, Fortis has said.
A Fortis hospital building is pictured in New Delhi, India.(REUTERS File Photo)
A Fortis hospital building is pictured in New Delhi, India.(REUTERS File Photo)

Fortis Healthcare to initiate fresh round of bidding

Reuters | By 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.
The takeover battle for Fortis was kicked off earlier this year when its founders lost control of their shareholding because of their mounting debts.(Ramesh Pathania/Mint)
The takeover battle for Fortis was kicked off earlier this year when its founders lost control of their shareholding because of their mounting debts.(Ramesh Pathania/Mint)

Manipal-TPG revise bid for Fortis Hospitals, offer Rs160 per equity share

Bloomberg | By Ari Altstedter and Vrishti Beniwal
UPDATED ON MAY 07, 2018 11:35 AM IST
While Manipal has proposed a rights issue of the merged Fortis-Manipal entity, it has offered to subscribe for a preferential allotment of Fortis shares at Rs 160 per share, totaling Rs 2100 crore, for short-term liquidity needs
On 28 March, the board of Fortis announced the sale of its hospital assets to the Manipal-TPG combine.(Parveen Kumar/Hindustan Times)
On 28 March, the board of Fortis announced the sale of its hospital assets to the Manipal-TPG combine.(Parveen Kumar/Hindustan Times)

Fortis shareholders oppose hospital biz sale to Manipal-TPG on valuation concerns

Livemint, Mumbai | By Deborshi Chaki
UPDATED ON APR 02, 2018 12:35 PM IST
A group of investors, led by Eastbridge Capital, have approached several Fortis shareholders, including Elliott Management, to oppose the Fortis-Manipal deal citing valuation concerns.
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