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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.

Fortis Healthcare

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.

Fortis Healthcare

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.

Fortis Healthcare

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.

Fortis Healthcare

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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