Manipal Health Enterprises, Emami Group break logjam on AMRI Hospitals

Reportedly, Max Healthcare had entered the fray for AMRI Hospitals, offering a better bid than Manipal Health's Rs 1,800-crore offer for AMRI

Manipal Health Enterprises and Emami Group have begun fresh talks for the sale of the latter’s hospital business, AMRI Hospitals, after the previous round of talks entered into a logjam, with Manipal Health moving Delhi High Court (HC).

A source close to the development said that fresh discussions have begun between the two parties and a revised bid is also being considered.

“The matter is sub judice in Delhi HC, and now both Manipal Health and Emami want to quickly go for a settlement,” said a source, declining to share the revised bid price.

“There are pending legal issues. Approval