India’s cash-strapped Fortis Healthcare Ltd said Fosun International Ltd has offered to invest up to $350 million.
Markets remained firm during the week despite trade and geo-political tensions. The Nifty gained in all five trading sessions – the first time since November 2017.
Malaysia’s IHH Healthcare Bhd said Fortis Healthcare declined to engage with the company regarding a takeover offer, citing binding agreements with other parties.
IHH Bhd is proposing a rival offer for Fortis, valuing the Indian company at as much as $1.3 billion, Bloomberg reported, citing people with knowledge of the matter.
Manipal Hospitals raised its offer price to buy Fortis Healthcare hospital business by 21%, in an effort to douse any opposition from Fortis minority shareholders.
The Delhi HC asked Fortis Healthcare Ltd to give its response on Japanese pharma major Daiichi Sankyo's plea to maintain status quo of the assets of the hospital chain.
Fortis Healthcare Ltd (FHL) said the merger of its hospitals business into Manipal Hospitals Enterprises is expected to be completed in 10-12 months.
Shares of Fortis fell by nearly 4 pc after the company said its board is still evaluating an unsolicited offer from Manipal Health Enterprises, reportedly for a merger.
Yes Bank has sold 2.17 per cent stake in Fortis Healthcare, out of over 17 per cent stake it acquired last month.
Yes Bank has acquired 17.31% stake in Fortis Healthcare following invocation of nearly 9 crore pledged shares last month.
Aditya Birla Group May Raise $1 Bn To Repay Regulatory Dues
AB Group To Sell Stake & Promoter Entities Of Co
In Talks With Large PE Funds
Deal Will Let AB Group Maintain Current Shareholding
PE Investors To Get Indirect Stake In Idea
Bags Orders For Rural-Urban Electrification Project
Project worth Rs 3577.93 Cr
Projects under Saubhagya Yojna
Projects to be completed within 15 months
Board Meeting On April 19 To Consider Various Bids Received
CKP Financial Open Offer To Acquire 1.39 Cr Shares Of Co
Offer Represents 25.02% Stake, With Price Of Rs 400/Sh
To make an investment of rs 500 cr in GIFT City
Will develop about 1,000 housing units in GIFT City
Residential footprint rises to 10 cities with investment