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Fortis arm asked to pay $75 mn for profiteering amid cash crunch, takeover battle

Healthcare

29 May, 2018

Fortis arm asked to pay $75 mn for profiteering amid cash crunch, takeover battle

A Delhi High Court committee has asked a unit of Fortis Healthcare Ltd to pay Rs 503 crore ($74.6 million) ......

IHH follows Manipal in extending validity of revised offer for Fortis

Healthcare

25 May, 2018

IHH follows Manipal in extending validity of revised offer for Fortis

IHH Healthcare Bhd on Friday extended the validity of its revised offer for Fortis Healthcare Ltd -- yet again -- ......

Manipal extends validity of Fortis offer as fate of Munjal-Burman bid in doubt

Healthcare

24 May, 2018

Manipal extends validity of Fortis offer as fate of Munjal-Burman bid in doubt

TPG Capital-backed Manipal Health Enterprises Pvt. Ltd has extended the validity of its revised offer to buy Fortis Healthcare Ltd, ......

Fresh bidding war looms for Fortis as three directors quit

Healthcare

21 May, 2018

Fresh bidding war looms for Fortis as three directors quit

Three directors of Fortis Healthcare Ltd have stepped down from the board just ahead of a shareholders’ meeting to decide ......

IHH Healthcare still in the game for Fortis, extends offer validity

Healthcare

17 May, 2018

IHH Healthcare still in the game for Fortis, extends offer validity

Malaysia’s IHH Healthcare Bhd extended on Thursday the validity of its offer to invest in Fortis Healthcare Ltd and said ......

TPG-backed Manipal raises the stakes again in Fortis takeover battle

Healthcare

14 May, 2018

TPG-backed Manipal raises the stakes again in Fortis takeover battle

Manipal Hospital Enterprises Pvt. Ltd on Monday revised its offer for Fortis Healthcare Ltd for a fourth time, as the ......

Did Fortis board go against own advisers to choose Munjal-Burman bid?

Healthcare

11 May, 2018

Did Fortis board go against own advisers to choose Munjal-Burman bid?

The board of Fortis Healthcare Ltd may have gone against the recommendations of some of its external advisers in selecting ......

Why Fortis chose Munjal-Burman bid over foreign suitors, PE-backed hospital firms

Healthcare

11 May, 2018

Why Fortis chose Munjal-Burman bid over foreign suitors, PE-backed hospital firms

The board of Fortis Healthcare Ltd was split as it evaluated the four binding offers to invest in the company ......

Manipal, IHH Healthcare say disappointed after losing Fortis deal

Healthcare

11 May, 2018

Manipal, IHH Healthcare say disappointed after losing Fortis deal

Malaysia’s IHH Healthcare Bhd and homegrown hospital chain Manipal Health Enterprises Pvt. Ltd said on Friday they were disappointed over ......

Fortis favours Munjal-Burman bid after five-way takeover fight; shares slip

Healthcare

10 May, 2018

Fortis favours Munjal-Burman bid after five-way takeover fight; shares slip

Fortis Healthcare Ltd has selected a consortium of Hero Enterprise Investment Office and the Burman Family Office as the winner ......