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Fortis board accepts IHH’s offer over TPG-Manipal’s

The board of cash-strapped Fortis Healthcare (FHL) on Friday recommended to its shareholders to accept the offer of Malaysian hospital major IHH Healthcare to invest Rs 4,000 crore in the company to..

Malaysia's IHH Healthcare nears takeover of Fortis with $1.1 billion bid

Malaysia's IHH Healthcare Bhd is set to take control of India's Fortis Healthcare after its bid of up to $1.1 billion was chosen over a rival's, giving it ownership of over 30 hospitals amid a private..
Reuters India

Fortis bid won by Malaysia's IHH Berhad, to invest Rs 4000 crore

Fortis Healthcare on Friday said its board has unanimously accepted a binding offer from IHH Healthcare Berhad of Malaysia to invest Rs 4,000 crore in it by way of preferential allotment at Rs 170 per..

Fortis stake sale: Malaysia's IHH Healthcare wins race, to invest Rs 4,000 cr at Rs 170 per share

IHH Healthcare would infuse Rs 4,000 crore in Fortis through subscription to the preferential allotment at a price of Rs 170 per share.

IHH Healthcare wins race for Fortis, to invest Rs 4,000 crore


Fortis accepts $584 million stake deal from Malaysia's IHH Healthcare

Fortis Healthcare Ltd said on Friday it accepted an investment offer from Malaysia's IHH Healthcare Bhd, capping a months-long bidding war for control of the firm that drew interest from domestic and..
Reuters India

Fortis board to meet on Friday to consider fund raising

The company had received binding bids from Malaysia's IHH Healthcare and Manipal-TPG combine on July 3, the last day of submission of fresh round of bids called by a newly constituted board.

Fortis Healthcare gets fresh bids from IHH Healthcare, Manipal Health Enterprises-TPG Capital

Munjal-Burman stay away; IHH's binding offer valid till July 16

Malaysia's IHH Healthcare submits fresh bid for cash-strapped Fortis' acquisition

Malaysia's IHH Healthcare Berhad on Tuesday said it has made a fresh binding offer to the board of Fortis Healthcare

IHH Healthcare submits fresh bid for Fortis

The binding offer is valid till July 16, 2018, IHH Healthcare Berhad said in a regulatory filing.
Zee News

Fortis scraps SRL, Malar amalgamation

Fortis Healthcare has put off the amalgamation of its subsidiaries Fortis Malar Hospitals Ltd and SRL Ltd with itself as it is faced with headwinds in the healthcare sector, a disappointing performance..

Fortis short lists four bids to sell its hospital asset

Cash strapped Fortis Healthcare has short listed four bids to sell off its business. These four bids are from Hero Enterprise Investment Office-Burman Family Office, IHH Healthcare Berhad, Radiant Life..

Fortis Healthcare sets rules for fresh bidding, now allows due diligence

The newly constituted Board of Fortis Healthcare has not just announced a fresh round of bidding, but also permitted the potential suitors to conduct due diligence which the earlier directors had..

Fortis Healthcare gets Munjal-Burman nod for fresh bidding

With Hero Enterprise Investment Office-Burman Family Office combine giving its consent to re-initiate the bidding process for Fortis Healthcare Ltd, the fourth round of bids for the insolvent company..

Fortis stake sale: Malaysia's IHH Healthcare Berhad extends validity of revised offer to 30 June

Malaysian firm IHH Healthcare Berhard on Friday extended the acceptance period for its enhanced revised proposal for acquiring Fortis to 30 June

Malaysia's IHH Healthcare extends validity of revised offer for Fortis

This week, the shareholders had voted out the fourth director, Brian Tempest, from the board in the extraordinary general meeting (EGM) held on May 22.
Zee News

Fortis stake sale: Malaysian firm IHH Healthcare back in race with bid validity extended to 29 May

IHH Healthcare had increased its offer to directly invest in Fortis Healthcare at Rs 175 per share on 1 May. It had initially made a non-binding offer to invest in Fortis at Rs 160 per share.

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