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Fortis Healthcare appoints Shirish Moreshwar Apte as vice-chairman; extends deadline for RHT Health Trust acquisition

Apte was appointed to the board of IHH Healthcare Berhad in September 2014, Fortis Healthcare said.
Firstpost - Published

Healthcare sector may see further consolidation in 2019; more partnerships between public and private sector expected

Malaysia's IHH Healthcare has scalped 31.1 percent stake in Fortis for Rs 4,000 crore after months of intense competition and is in process of taking another 26 percent stake.
Firstpost - Published

IHH Healthcare puts open offer for Fortis Healthcare on hold

The Malaysian company was to spend up to Rs 3,300 crore to increase the holding from the present 31.10% to 57.10%
DNA - Published Also reported by •Reuters India

Unable to proceed with Fortis open offer for time being as SC order puts on hold further stake sale: IHH Healthcare

Malaysia's IHH Healthcare on Monday said it will not be able to proceed with the open offer for Fortis Healthcare for the time being, following the Supreme Court order to put on hold sale of..
Firstpost - Published Also reported by •Zee News

SC order does not impact 31.1% stake sale to IHH Healthcare: Fortis


IndiaTimes - Published

Fortis Healthcare plunges; report says Supreme Court puts sale on hold

Shares of Fortis Healthcare Ltd posted its biggest intraday fall in over 8-1/2 months after a CNBC TV18 report said the Supreme Court put its sale to Malaysia's IHH Healthcare on hold.
Reuters India - Published

IHH Healthcare open offer for Fortis to commence on 18 December; to acquire additional 26% stake

A letter of the offer to Fortis shareholders was submitted to the bourses
Firstpost - Published

Malaysian wealth fund Khazanah selling $2 billion IHH stake to Mitsui

Malaysian sovereign wealth fund Khazanah Nasional is selling a 16 percent stake in IHH Healthcare Bhd to Japan's Mitsui & Co Ltd for about $2 billion in cash, kicking off a restructuring of its..
Reuters India - Published

IHH buys controlling stake in Fortis for Rs 4,000 crore

Malaysian company IHH Healthcare Berhad has taken a controlling stake in Fortis Healthcare through its wholly owned subsidiary Northern TK Venture Pte Ltd. Fortis has issued 23.53 crore equity..
DNA - Published

IHH becomes controlling shareholder in Fortis Healthcare

After months of deliberations, Malaysia's IHH Healthcare Berhad on Tuesday finally became the controlling shareholder of Fortis Healthcare with a 31.1 per cent stake in the company.
Sify - Published

Fortis Healthcare CEO Bhavdeep Singh steps down

The development comes nearly four months after the crisis-hit healthcare chain was acquired by Malaysia’s IHH Healthcare, which agreed to invest Rs 4,000 crore in it by way of preferential allotment..
IndiaTimes - Published

Fortis Healthcare posts quarterly loss

Indian hospital operator Fortis Healthcare Ltd, which is set to be acquired by Malaysia's IHH Healthcare Bhd, posted a quarterly loss due to impairment charges.
Reuters India - Published

Shivinder Singh moves NCLT against elder brother Malvinder Singh

Former Fortis Healthcare promoter Shivinder Singh said Tuesday he has moved the National Company Law Tribunal (NCLT) against elder brother Malvinder and ex-Religare chief Sunil Godhwani, while..
DNA - Published

Cash-strapped Fortis Healthcare sees signs of improvement

Cash-strapped Indian hospital operator Fortis Healthcare Ltd said on Tuesday it was starting to see some signs of recovery, as it secured shareholder approval for its takeover by Malaysia's IHH..
Reuters India - Published

Fortis Healthcare acquisition: Malaysian firm IHH's open offer to commence on 7 September

Earlier on 13 July, Fortis Healthcare board had approved Rs 4,000-crore offer from Malaysia's IHH Healthcare for 31.1 percent stake in it, valuing the cash-strapped firm at Rs 8,880 crore thus ending..
Firstpost - Published

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..
IndiaTimes - Published

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 - Published

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..
Sify - Published

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.
Firstpost - Published

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


IndiaTimes - Published

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 - Published

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.
IndiaTimes - Published

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
DNA - Published

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
Firstpost - Published

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 - Published Also reported by •Reuters India

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..
DNA - Published

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..
DNA - Published

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..
DNA - Published

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..
DNA - Published

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
Firstpost - Published

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 - Published

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.
Firstpost - Published

Race for Fortis: Disappointed, keeping options open, says Malaysia's IHH Healthcare

Last evening, Fortis Healthcare had announced that its board had picked the offer from Munjals-Burmans combine over four other suitors who made binding offers
Firstpost - Published

Fortis board opts for Munjal-Burman combine's bid

Fortis Healthcare had received binding offers from four entities - KKR-backed Radiant Life Care, IHH Healthcare, Manipal/TPG consortium, and Munjal and Burman family offices.
Zee News - Published

Manipal makes last move for Fortis Healthcare

The battle for Fortis Healthcare may have seen the last bid with Manipal Health Enterprises-TPG Capital consortium making its final offer on Sunday. In its latest offer, MHE-TPG will infuse Rs 2,100..
DNA - Published

Race for Fortis: IHH Healthcare, Burmans and Munjals revise offer; a timeline on the story so far

1 May is the deadline for binding offers for Fortis, which will be evaluated by an expert advisory panel. The board is set to meet on 10 May.
Firstpost - Published

Fortis receives revised offer from Malaysia's IHH at Rs 175 per share

Ahead of the deadline set by Fortis' board to review all binding offers received till today afternoon, Malaysia's IHH Healthcare has again revised its proposal and offered to invest directly into the..
DNA - Published Also reported by •Zee News

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