E-PaperFortis Manipal Deal News
Manipal further sweetens offer to acquire Fortis hospitals
Meanwhile, Sunil Munjal of Hero Enterprise and Anand Burman of Dabur are planning to do an open offer to facilitate the smooth exit of small investors from Fortis Healthcare
3 min read15 May 2018Fortis Healthcare to consider only binding bids for hospital business
IHH Healthcare and Fosun International have submitted non-binding offers for Fortis hospitals, TPG-Manipal and Munjal-Burman have submitted sweetened binding offers
2 min read20 Apr 2018Fortis Healthcare raises Rs150 crore debt to stave off bankruptcy
Fortis Healthcare has raised Rs150 crore bridge loan from RattanIndia Finance to keep the struggling hospital operator afloat till it finds a buyer
2 min read16 Apr 2018Manipal & TPG’s relentless pursuit of Fortis hospitals: 18 months, 334 drafts
Many hurdles remain in the Fortis-Manipal deal to create India's largest hospital chain, but Ranjan Pai is not ready to give up on the acquisition
5 min read16 Apr 2018Malaysia’s IHH Healthcare offers to buy Fortis at Rs160 per share
Manipal Group had offered to buy Fortis hospitals, which is among India's largest hospital operators, at Rs155 per share earlier this week
1 min read13 Apr 2018Sunil Munjal, Burmans Group to invest Rs1,250 crore in Fortis Healthcare
Investors Sunil Kant Munjal of Hero Enterprise, and Dabur's Anand Burman and Mohit Burman have offered to pump in Rs1,250 crore in Fortis Healthcare, even as IHH Healthcare and Manipal Group battle for control of its hospital assets
2 min read13 Apr 2018Fortis-Manipal revised deal a lesson in having your cake and eating it too
Manipal Group has stitched together a clever revised offer: Fortis shareholders get more for the hospital business, and they can remain invested in SRL Diagnostics through Fortis
3 min read12 Apr 2018Day after TPG and Manipal sweeten Fortis offer, IHH plans fresh bid
IHH Healthcare, which is contemplating a cash offer for Fortis hospitals, plans to send a letter to the Fortis Healthcare board within the next couple of weeks with its bid details
2 min read12 Apr 2018Manipal Group makes revised offer for Fortis hospitals
The revised offer pegs Fortis hospitals' equity valuation at Rs6,061 crorean upward revision of about 21% from the previous offer, says Manipal Group
2 min read11 Apr 2018Fortis-Manipal deal still a 50:50 bet, says Ranjan Pai
Resistance from Fortis Healthcare shareholders is likely to pose the biggest challenge to the Fortis-Manipal deal, says Manipal Group's Ranjan Pai
2 min read10 Apr 2018Popular Topics
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