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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 ......

TPG-Manipal raises Fortis bid again, offers $313 mn cash infusion

Healthcare

07 May, 2018

TPG-Manipal raises Fortis bid again, offers $313 mn cash infusion

Manipal Hospital Enterprises Pvt. Ltd and its private equity investor TPG Capital have revised their offer for Fortis Healthcare Ltd ......

Fortis dials new directors on activist funds' call; bids panel misses deadline

Healthcare

26 April, 2018

Fortis dials new directors on activist funds' call; bids panel misses deadline

Fortis Healthcare Ltd said on Thursday that it has asked three persons to join its board immediately as additional independent ......

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From auto and FMCG to healthcare: What explains the Munjal-Burman bid for Fortis?

Healthcare

25 April, 2018

From auto and FMCG to healthcare: What explains the Munjal-Burman bid for Fortis?

The Hero Enterprise Investment Office of the Munjal family and the Burman Family Office of Dabur owe their wealth primarily ......

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Khazanah factor: IHH's bid gives ironical twist to Fortis sale

Healthcare

24 April, 2018

Khazanah factor: IHH's bid gives ironical twist to Fortis sale

When Khazanah Nasional Bhd-controlled IHH Healthcare Berhad announced its bid to take over Fortis Healthcare Ltd, the irony was certainly ......

Munjal-Burman combine extends validity of revised offer to buy Fortis

Healthcare

23 April, 2018

Munjal-Burman combine extends validity of revised offer to buy Fortis

Fortis Healthcare Ltd said on Monday that the validity of a revised binding offer from the Hero Enterprise Investment Office ......

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KKR factor: Why Radiant's bid for Fortis may face more than just hygiene scrutiny

Healthcare

23 April, 2018

KKR factor: Why Radiant's bid for Fortis may face more than just hygiene scrutiny

When KKR acquired a significant stake in Indian hospital management company Radiant Life Care Pvt. Ltd for $200 million (Rs ......

KKR-backed Radiant Life Care jumps in the fray for Fortis

Healthcare

20 April, 2018

KKR-backed Radiant Life Care jumps in the fray for Fortis

Radiant Life Care Pvt. Ltd, a hospital chain backed by private equity firm KKR & Co., has joined the takeover ......

Fortis forms panel to evaluate bids; two suitors raise offers

Healthcare

19 April, 2018

Fortis forms panel to evaluate bids; two suitors raise offers

The board of Fortis Healthcare Ltd decided on Thursday to form a panel to evaluate all binding offers, as four ......

China's Fosun becomes fourth contender for Fortis

Healthcare

18 April, 2018

China's Fosun becomes fourth contender for Fortis

Fortis Healthcare Ltd said it has received an unsolicited non-binding proposal from a unit of Fosun International, making the Chinese ......