Page 7 - Fortis Healthcare

IHH, Radiant Life Care submit revised bids for Fortis Healthcare

Radiant Life Care submitted a binding offer to acquire Fortis hospital in Mumbai's Mulund area for enterprise valuation of Rs 12 billion

Malaysia's IHH makes binding offer to invest Rs 6.5 bn in Fortis Healthcare

IHH has also demanded that it be given the right to appoint two directors on the board of Fortis

Munjals, Burmans extend bid validity for Fortis Healthcare till May 4

Last week, Sunil Munjal and the Burmans revised their offer of Rs 12.5 billion to Rs 15 billion

Proxy adviser slams Fortis Healthcare board for rebuffing competing offers

The hospital operator formed an expert panel to evaluate the proposals and make a final recommendation by April 26, when the board will make a decision, Fortis said Thursday

Radiant Life Care seeks more time from Fortis Healthcare for binding offer

With Fortis board deciding that it would only consider binding bids in its April 26 meeting, Radiant's offer might not be taken up for approval

Fortis Healthcare's board forms committee to decide on binding offers

The investors have demanded the appointment of Suvalaxmi Chakraborty and Ravi Rajagopalan on the board

Fortis board approves evaluation of binding offers, forms expert panel

The committee, which will be chaired by PwC India's former chairman and CEO Deepak Kapoor, will oversee the evaluation process and give its recommendation to the board in a meeting on Apr 26

Fortis Healhcare board to meet today as fresh bids continue to come in

Fortis informed BSE that the board of directors of the company had received an unsolicited non-binding expression of interest from IHH Healthcare Berhad

Fortis investors call meet, demand removal of four directors from its board

The exact reason behind the call for removal of the existing members could not be known

Fortis Healthcare suitors' list gets longer with Fosun's $350-million offer

The board of directors of Fortis Healthcare will meet on Thursday to decide on investment offers received by the hospital chain so far

Foreign investors own over 45% in Fortis Healthcare

East Bridge Capital Master Fund, a foreign portfolio investor, is the second-largest shareholder with 5.74 per cent stake

Fortis Board to meet this week to determine future course of action

The company's statement comes hours after Malaysia's IHH Healthcare said Fortis has expressed inability to engage with it over its offer to acquire the Indian healthcare firm at up to Rs 160 per share

Malaysia's IHH Healthcare joins Fortis race, offers up to Rs 160 per share

The offer from IHH Healthcare comes a day after Sunil Kant Munjal-led Hero Enterprise Investment Office and Burman Family Office offered to invest Rs 12.5 billion in the healthcare chain

Hero, Dabur promoters submit joint bid to buy stake in Fortis Healthcare

Propose Rs 12.5 bn investment to meet hospital's urgent financial needs

Fresh fund infusion by Munjals and Burmans may alter Fortis sale plans

Speaking to Business Standard, Sunil Kant Munjal, chairman, Hero Enterprise, said they are investing in Fortis for the long term

ICRA downgrades Fortis Healthcare, subsidiaries over loan servicing delay

ICRA said it has downgraded ratings of debt instruments of Fortis Hospitals Ltd (FHsL) following the revision in ratings assigned to FHL

Manipal sweetens offer for Fortis hospitals, proposes Rs 40-bn rights issue

Fortis Healthcare notified the stock exchange that it had received an unsolicited binding offer, which was under consideration

Delhi HC asks Fortis to respond to Daiichi's plea on hospital assets

The court listed the matter for further hearing on April 25

Fortis Healthcare falls on board nod to demerge hospital biz into Manipal

The stock dipped 10% to Rs 128, extending its Tuesday's 4% decline , after the company said that it has decided to demerge hospital business into Manipal Hospitals.

Fortis Healthcare falls after clarification on merger report

The stock dipped 3.5% to Rs 142, falling 8% from intra-day high of Rs 154 on the BSE