Page 6 - Fortis Healthcare

Manipal-TPG extends validity of new Fortis Healthcare offer to June 6

The combine was the first to make a binding offer for the cash-strapped healthcare chain

Munjal-Burman combine open to idea of rebid for Fortis Healthcare

The winning bidder has to pay over Rs 36 billion to the real estate trust based in Singapore, which controls many of the key hospital assets of Fortis

Fortis stumbles, again: Corporate governance concerns in board decision

There is no doubt that poor governance practice was followed by the Fortis board in its approach to this deal

Fortis stake sale: If things drag, no one will get anything, says Munjal

Draw up a three-pronged strategy for Fortis; have not decided yet on sale of SRL

Fortis battle may drag; TPG-Manipal, IHH await shareholder verdict

The Manipal-TPG combine and Malaysia's IHH Healthcare expressed their disappointment with the board's choice, and indicated they would wait for the shareholders' decision now

Hero-Burman's accepted bid for Fortis Healthcare a win-win

Fund infusion without any clauses at higher end of all bid valuations is key

Munjals-Burmans bid opted due to certainty, liquidity issues: Fortis

While five board members had voted in favour of the Rs 18 billion offer, three members had opted for other offers out of the four binding bids that Fortis Healthcare had received

Deal done, Fortis board asks Singh brothers to exit SRL Diagnostics board

The recommendations of the board will now be placed before the shareholders for their approval

Fortis Healthcare falls 4% as board opts for Munjal-Burman offer

The stock had outperformed the market by surging 24% from its recent low of Rs 123 on March 28, 2018, against 7% rise in the S&P BSE Sensex till Thursday

Manipal-TPG revises offer for Fortis, raises value to Rs 83.58 billion

Manipal's Ranjan Pai says the offer brings in value worth Rs 90 bn

Manipal TPG further sweetens offer for Fortis, raises value to Rs 83.58 bn

The takeover battle for Fortis was kicked off earlier this year when its founders lost control of their shareholding because of their mounting debts

Fortis deal: Investors to challenge if Manipal-led group is winning bidder

Fortis has said that its board plans to meet on May 10 to consider the recommendations of the advisory panel set up to evaluate the bids

Fortis Healthcare shares jump to 6-week high after IHH raises bid

India's fraud watchdog and market regulator have since started investigations to see if there were any financial irregularities at the company

IHH ups offer for Fortis to Rs 175/share; Munjal-Burman to invest Rs 18 bn

IHH proposes immediate equity infusion, with subsequent infusion subject to due diligence; Munjal-Burman don't insist on due diligence

Fortis to accept binding bids till May 1, take decision on May 10

If any new or modified binding bids are received till noon on May 1, Manipal and TPG consortium will be given until May 6 to revise their offer

What makes Fortis Healthcare a coveted acquisition target for its suitors

From IHH Healthcare to Burmans, Manipal and Fosun, there have seen several serious players in race to acquire Fortis Healthcare. Business Standard explains how they could gain from acquiring Fortis

Nominees of institutional shareholders to join Fortis Healthcare board

Board to meet today to discuss restructuring

Binding bids: Fortis Healthcare board to meet again on April 27

The board met for five hours today but was handicapped by the resignation of Renuka Ramnath from the expert panel

Rejected Manipal's offer to waive exclusivity clauses from deal: Fortis

Manipal had offered a one-time waiver from exclusivity provisions under the agreement it signed with Fortis last month

Manipal revises offer for Fortis Healthcare ahead of key board meet

Manipal-TPG have also proposed to buy Fortis Hospital's 5 per cent stake in its diagnostic arm, SRL Diagnostics