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IHH Healthcare News
24 May 2019
IHH says it 'understands concerns' of Fortis' minority shareholders
Pointing to the reason for the delay in the open offer, IHH Healthcare said it was on account of the stay imposed on it by the Supreme Court in the contempt case filed by Daiichi Sankyo.
12 Jun 2018
Fortis Healthcare extends deadline for submission of binding bids to June 28
Last month, Fortis Healthcare had initiated a fresh time-bound bidding process for its sale after terminating the offer made by the Munjal-Burman combine.
28 May 2018
Munjals-Burmans combine give consent to re-open Fortis bidding process
The development comes at a time when there is an uncertainty over the process of sale of Fortis as four of the directors, who had approved the Munjals-Burmans bid, are no longer on the company's board.
11 May 2018
Fortis board opts for Munjal-Burman combine's bid
Fortis Healthcare had received binding offers from four entities - KKR-backed Radiant Life Care, IHH Healthcare, Manipal/TPG consortium, and Munjal and Burman family offices.
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.
16 Apr 2018
Fortis indicated inability to engage in deal due to Manipal pact
IHH had joined the race last week to acquire India's troubled Fortis, offering higher price than Manipal's Rs 155 a unit, which valued the company at Rs 6,061 crore.
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