Healthcare
Fortis to consider all binding bids till 1 May; Manipal gets extra leeway
28 Apr 2018
The Fortis Healthcare board will meet on 10 May to consider all binding bids till 1 May, while the frontrunner, the Manipal Health Enterprises-TPG combine, will be allowed to revise its offer till 6 May
Dr Kafeel Ahmad Khan granted bail
26 Apr 2018
IHH, KKR submit binding bids for Fortis, Manipal revises bid
25 Apr 2018
IHH has offered to infuse Rs650 crore immediately into Fortis Healthcare, while Radiant-KKR has offered to purchase Fortis Mulund for Rs1,200 crore without any due diligence, and Manipal-TPG submitted a revised offer which includes a premium of Rs1,319 crore
Most vulnerable patients across Africa at risk of receiving sub-optimal malaria treatment
19 Apr 2018
China's Fosun enters race for Fortis Healthcare with $350 mn offer
18 Apr 2018
Fosun said it will consider a primary infusion of up to Rs2,300 crore ($350 mn), with Rs100 crore flowing in within 45 days, once Fortis agrees to a one-month period of exclusivity for Fosun to undertake due diligence and negotiate a proposal to acquire stake in the company
IHH out of race for Fortis as board refuses to weigh offer
16 Apr 2018
Malaysia’s IHH Healthcare Bhd said today India’s Fortis Healthcare Ltd has declined to engage with the company regarding a takeover offer, which indicates that the Manipal Health Enterprises-TPG Capital combine is virtually certain to win Fortis
Hero’s Munjals and Dabur’s Burmans propose joint investment in Fortis
13 Apr 2018
Fortis Healthcare has received an unsolicited binding offer jointly from Sunil Munjal’s Hero Enterprise and the Burmans of Dabur to invest Rs1,250 crore directly in the company through a preferential allotment
Malaysia’s IHH plans to outbid Manipal Hospitals for Fortis: report
12 Apr 2018
Malaysian investment holding firm IHH Healthcare Bhd plans to bid for India's Fortis Healthcare Ltd at a price marginally better than Manipal Hospitals Enterprises Pvt Ltd's offer, Bloomberg reported today citing people aware of the matter
