Fortis Healthcare Ltd on Wednesday withdrew the scheme of arrangement and amalgamation with its units Fortis Malar Hospitals Ltd and SRL Ltd, citing a delay in its completion. The scheme could not be completed even...
Fortis sells 18.2 mn units of RHT Health Trust
Fortis Healthcare today said one of its subsidiaries has sold off 18.2 million units of RHT Health Trust for 13.65 million SGD (around Rs 69 crore). “Fortis Healthcare International Ltd, a wholly-owned subsidiary...
Fortis bid: Radiant-KKR back in race
Life Care, backed by private equity firm KKR, on Thursday submitted an expression of interest (EoI) for Fortis Healthcare, jumping back in the race to acquire stake in India’s second largest hospital chain. Manipal-TPG...
Fortis terminates Munjal-Burman offer, initiates fresh bidding process
Fortis Healthcare on Tuesday decided to initiate a fresh, time-bound bidding process for its sale and terminated the offer from Munjal-Burman combine that was earlier accepted by the company’s board. The move...
Fortis sale process is likely to begin again
The consortium led by Hero Enterprise chairman Sunil Munjal and Dabur India Ltd chairman Anand Burman has given its consent to reopen the bidding process for sale of troubled Fortis Healthcare Ltd. The consortium’s...
Manipal-TPG extends validity of new Fortis Healthcare offer to June 6
Manipal-TPG combine has said it has extended the validity of its modified offer for Fortis Healthcare to June 6, 2018. On May 17, Malaysian firm IHH Healthcare Berhard had extended the acceptance period of its enhanced...
Truncated Fortis Board to consider all previous bids
The truncated board of directors of FortisNSE 0.24 % Healthcare met on Wednesday, after four directors either resigned or were voted out, to initiate the process for considering all the bids that were submitted earlier...
Munjal-Burman may choose rights offer for Fortis over SRL Diagnostics sale
Businessmen Sunil Munjal and Anand Burman, who have received Fortis Healthcare Ltd’s board’s approval to buy the troubled hospital operator, may not opt for an outright sale of the company’s SRL Diagnostics unit, as...
Fortis sale: Independent director quits board ahead of stakeholders meet
Fortis Healthcare on Sunday said its independent director, Tejinder Singh Shergill, has resigned from the board due to personal reasons. His resignation comes ahead of the crucial stakeholders’ meeting to be held on May...
With extended bid, IHH back in race for Fortis
Malaysian healthcare firm IHH extended validity of its offer to pick up stake in Fortis HealthcareNSE -1.02 %, becoming the second contender to revise its bid after a proposal by the Munjal-Burman combine was accepted...
Manipal-TPG raises offer after Fortis picks Munjal-Burmans
The consortium of Manipal Health Enterprises and TPG Asia upped the stakes in the battle for Fortis HealthcareNSE 1.58 %, offering a higher share price for the company four days after its board picked a bid by another...
Split Fortis Board didn’t heed its advisers on sale
Five of the eight members of the FortisNSE -0.64 % board went against the recommendations of financial advisers Arpwood Capital and Standard Chartered Bank, and even that of legal adviser Cyril Amarchand Mangaldas...