After row, TPG offers Rs 1,000 cr more for Fortis Healthcare
TPG Capital-backed Manipal Hospital Enterprises (MHE) has sweetened the deal to buy out Fortis Healthcare’s hospital business. The latest offer has “an upward revision of Rs 1,058 crore to the shareholders of Fortis Healthcare over and above the hospital business of Fortis Healthcare’s equity valuation of Rs 5,003 crore,” said a regulatory filing.
Fortis Healthcare had even received complaints from investors on deal’s undervaluation leading to revision in the proposal. Image source: Reuters