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News
Fortis Board
Fortis Board News
Manipal Hospital
15 May 2018
Manipal, TPG swoop in with sweetened bid for Fortis
Fortis shares rose as much as 4.2 percent to 155 rupees on Tuesday, marking their biggest intraday percentage gain in nearly two weeks.
Fortis Board
01 May 2018
IHH Healthcare, Munjals & Burmans enhance offers for Fortis
Fortis Healthcare has already received binding offers from four entities - KKR-backed Radiant Life Care, IHH Healthcare, Manipal/TPG consortium, and Munjal and Burman family offices.
Munjals
23 Apr 2018
Munjals, Burmans extend validity of their offer for Fortis
The development follows the Fortis board forming an expert panel last week to evaluate binding offers and make the final recommendation by April 26.
Fortis Healthcare
19 Apr 2018
Fortis stake sale: Board of directors agree to form independent panel
Fortis has received an improved binding offer from Hero Enterprise Investment Office and Burman Family Office to invest Rs 1,500 crore directly in the company.
Fortis Healthcare
28 Mar 2018
Fortis board approves demerger of its hospital biz
Manipal Hospitals, part of Manipal Education and Medical Group (MEMG), is owned by Dr Ranjan Pai and has been backed by TPG, a leading global alternative asset firm and experienced healthcare investor since 2015.
Fortis stocks
28 Mar 2018
Fortis Healthcare shares dive 11% on hospital biz demerger
The stock, after making a weak opening, cracked 9.96 percent to Rs 128.25.
Fortis Healthcare
27 Mar 2018
Fortis Healthcare gets unsolicited offer from Manipal Health
Fortis board was reportedly expected to meet Manipal Health for approving the proposed merger.
Fortis
27 Mar 2015
Fortis sells Singapore hospital for SGD 55 mn
Fortis Healthcare on Friday sold its Singapore hospital to Concord Medical Services (International) Pte Ltd for SGD 55 million (approx Rs 251 crore) in line with strategy to focus on the domestic market.
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