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malaysia s ihh makes binding offer to invest rs 65 bn in fortis healthcare - Search

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malaysia's ihh makes binding offer to invest rs 6.5 bn in fortis healthcare




fortis healthcare on tuesday said malaysia's ihh healthcare berhard has made a binding offer to immediately infuse rs 6.5 billion in the company as part of its overall proposal to invest rs 40 billion. in a regulatory filing, fortis healthcare said it has received an unsolicited binding offer from i...



ihh ups offer for fortis to rs 175/share; munjal-burman to invest rs 18 bn




both hero enterprise-burman family and malaysia's ihh healthcare bhd sweetened their offers on the last day for revising bids for the assets of fortis healthcare. while ihh submitted a revised offer valuing fortis at rs 175 per share from its earlier offer of rs 160 per share, sunil kant munjal of h...



hero, dabur promoters submit joint bid to buy stake in fortis healthcare




promoters of hero group and dabur india have submitted a joint bid to acquire a significant stake in fortis healthcare, intensifying the battle for control of the group’s hospitals and diagnostics business. sunil kant munjal of hero enterprise and the burman family office, which own around 3 per c...



hero, dabur promoters submit joint bid to buy stake in fortis healthcare




promoters of hero group and dabur india have submitted a joint bid to acquire a significant stake in fortis healthcare, intensifying the battle for control of the group’s hospitals and diagnostics business. sunil kant munjal of hero enterprise and the burman family office, which own around 3 per c...



radiant life care seeks more time from fortis healthcare for binding offer




private equity firm kkr-backed radiant life care, which joined fray for acquiring the assets of cash-strapped fortis through a non-binding expression of interest on thursday, has sought more time to complete due diligence before it can make a binding offer. “we intend to ask fortis healthcare to a...



ihh, radiant life care submit revised bids for fortis healthcare




revised offers for fortis hea­lt­­h­care have continued to pour in ahead of the hospital chain operator’s board meeting on thursday. given the fortis board will consider only binding bids, malaysian hospital chain ihh healthcare ber­had and kkr-backed radi­ant life care on tuesday revised th...



fortis bid: ihh extends acceptance period of enhanced revised offer




malaysian firm ihh healthcare berhard today said it has extended the acceptance period of its enhanced revised proposal for fortis healthcare to may 29 after which it shall lapse. in a letter to the board of fortis healthcare, ihh healthcare said it remains strongly committed to participate in bid f...



sore over losing fortis, ihh licks wounds, says it is keeping options open




disappointed over losing the race to acquire fortis healthcare, malaysia's ihh healthcare said today that it is currently evaluating options while seeking support from shareholders of the indian firm.ihh healthcare managing director and ceo tan see leng claimed that his company's bid offered the hig...



fortis healthcare falls 4% as board opts for munjal-burman offer




fortis healthcare was trading 4% lower at rs 146 on the bse, after the company said the board chooses the hero enterprises-burman family office offer as the best for the hospital and diagnostic chain. “the board, post having detailed discussions on the pros and cons of each offer, decided by major...



manipal sweetens offer for fortis hospitals, proposes rs 40-bn rights issue




private equity firm tpg backed-manipal hospitals has revised the terms of offer for acquiring the hospital business of fortis healthcare, after protests from minority investors threatened to derail the original transaction. the revised offer, which includes a proposal for a rs 40-billion rights issu...



tpg-manipal revises offer for fortis, raises value to rs 83.58 billion




after malaysia's ihh healthcare and hero enterprise-burman family sweetened their offers for the beleaguered fortis healthcare ltd (fhl) assets last tuesday, the last day for submitting binding bids, manipal-tpg too raised their offer on saturday, may 6. the expert advisory committee led by former p...



takeover battle: fortis healthcare board opts for munjal-burman offer




the takeover saga at fortis healthcare, one of india’s leading healthcare chains, reached the culmination on thursday, with the board choosing the hero enterprises-burman family office offer as the best for the hospital and diagnostic chain. “the board, post having detailed discussions on the pr...



rejected manipal's offer to waive exclusivity clauses from deal: fortis




fortis healthcare said manipal health’s offer to waive exclusivity clauses from their agreement was rejected because of onerous conditions. manipal had offered a one-time waiver from exclusivity provisions under the agreement it signed with fortis last month. this would have allowed fortis to cons...



manipal-tpg revises offer for fortis, raises value to rs 83.58 billion




further, manipal proposed to buy the stakes held by private equity firms in srl, the diagnostic arm of fortis healthcare, at rs 36 billion. after the transaction, the srl board will be restructured and manipal-tpg wants to appoint a majority of directors on the reconstituted board. after the merger,...



fortis healthcare falls after clarification on merger report




fortis healthcare has dipped 3.5% to rs 142, falling 8% from intra-day high of rs 154 on the bse, after the company said that the merger of hospital chains of fortis and manipal is still under evaluation by the management and no firm decision in this regard has been taken by the board. “on march 2...



fortis healthcare suitors' list gets longer with fosun's $350-million offer




adding to the list of bidders for fortis healthcare, fosun health holdings ltd (fhhl), a wholly-owned subsidiary of the hong kong stock exchange-listed fosun international, on tuesday made a proposal for primary infusion at rs 156 a share, up to a total investment of $350 million (rs 22.75 billion),...



fortis suitors' list gets longer with fosun international's $350-mn offer




adding to the list of bidders for fortis healthcare, fosun health holdings ltd (fhhl), a wholly-owned subsidiary of the hong kong stock exchange-listed fosun international, on tuesday made a proposal for primary infusion at rs 156 a share, up to a total investment of $350 million (rs 22.75 billion),...



fortis healhcare board to meet today as fresh bids continue to come in




even as the fortis healthcare board is meeting on thursday to consider the multiple proposals it has received for fund infusion or takeover, the excitement around the potential deal refuses to die down. on thursday morning, malaysian healthcare group ihh as well as the joint bidders sunil mujal (of ...



fortis to accept binding bids till may 1, take decision on may 10




fortis healthcare today said its board will meet on may 10 to take a decision on the binding bids for the company as recommended by the expert advisory committee. the committee will evaluate all binding bids received by the company till forenoon of may 1, it said in a filing to bse. the board has de...



clouds over fortis healthcare keep suitors from making higher bids




fortis healthcare ltd has received as many as five offers for control of its private hospital business, but suitors have so far held back from making bold bids for the group as it faces rising debt and a regulatory probe. fortis, one of the country's largest hospital chain operators, is evaluating o...



deal done, fortis board asks singh brothers to exit srl diagnostics board




the takeover saga at fortis healthcare, one of india’s leading healthcare chains, culminated on thursday, with the board choosing the hero enterprises-burman family office offer to be the best for the hospital and diagnostic chain. brian tempest, an independent director at fortis healthcare, said ...



news digest: fortis-manipal deal, epf interest rate, auto sales, and more




manipal sweetens offer for fortis hospitals, proposes rs 40-bn rights issueprivate equity firm tpg backed-manipal hospitals has revised the terms of offer for acquiring the hospital business of fortis healthcare, after protests from minority investors threatened to derail the original transaction. t...



munjal-burman deal may unravel as pes draw support to oust fortis directors




the fortis takeover deal might be in for new twists as private equity (pe) funds east bridge capital and jupiter asset management, which had demanded the removal of four directors from the board of fortis healthcare ltd (fhl), are likely to oppose the board's decision to choose hero enterprise-burma...



news digest: fortis battle, jio tariff, walmart-flipkart deal, and more




1. fortis battle may drag; tpg-manipal, ihh await shareholder verdict the takeover saga at fortis healthcare is far from over. a day after the fortis board chose, after a 15-hour long deliberation, the fund infusion offer from the hero enterprise-burman family office for the healthcare chain, other ...



manipal, fortis to merge hospital biz; srl diagnostics to be part of deal




manipal hospitals, backed by private equity firm tpg, and fortis healthcare have announced a merger of their hospital businesses, creating the largest provider of healthcare services in india by revenue. in a late evening notification to the stock exchange, fortis healthcare said its board had appro...