Tue, May 15, 2018
Barely days after, the Fortis Healthcare Board took a decision to go ahead with Hero Enterprise Investment Office-Burman Family Office offer, the consortium of Manipal Health Enterprises (MHE)-TPG Capital is yet to give up.
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Mon, May 07, 2018
On May 1, Malaysian IHH Healthcare Berhad and Hero Enterprise Investment Office-Burman Family Office had sweetened their offers for Fortis by proposing an investment of Rs 4,375 crore at a price of Rs 175 per share. While Munjal-Burman has offered Rs 1,800 crore (without any due diligence) for three Board seats, up from their earlier Rs 1,500 crore for two seats.
Sun, May 06, 2018
The move is aimed at helping FHL deal with short term liquidity concerns, repayment of existing loans and payment for the acquisition of the relevant Indian entities from Religare Health Trust (RHT), MHEPL said in its revised offer to FHL board. Manipal Health Enterprises Pvt Ltd (MHEPL) has offered to merge it with FHL to create one of the leading healthcare platforms in India, the filing said
Fri, Apr 20, 2018
After the Board meeting on Thursday, Fortis Healthcare’s Independent non-executive director Brian Tempest, who chaired Thursday’s meeting, said, “The Board has approved evaluation of all the binding offers that do not need due diligence. An advisory committee will be headed by Deepak Kapoor, former chairman & CEO of PricewaterhouseCoopers to oversee the evaluation process.” Standard Chartered Bank is the financial advisor to the committee and the Board.
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