Manipal Health further sweetens offer for Fortis Healthcare
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
On April 24, MHEPL had revised its offer for Fortis Healthcare again, raising the value to Rs 6,322 crore. The earlier revised offer of April 10 valued Fortis hospital business at Rs 6,061 crore. Image source: Company website