Fortis Healthcare said 98.32% of the shareholders, who participated in the process, approved the acquisition of RHT Health Trust assets, while 1.67% voted against it
1 min read5 May 2018Two major investors in Fortis said the decision to extend the process for just one bidder (Manipal -led consortium) has created fears that the firm is disadvantaging others without properly consulting investors
3 min read2 May 2018Fortis Healthcare says its board will meet on 10 May to take a decision on the binding bids for the company as recommended by the expert advisory committee
2 min read28 Apr 2018TPG Capital backed Manipal Hospital l submits a revised offer to acquire Fortis Healthcare, offers a premium of Rs1,319 crore and upfront infusion of Rs750 crore
2 min read25 Apr 2018Many 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 2018A group of investors, led by Eastbridge Capital, have approached several Fortis shareholders, including Elliott Management, to oppose the Fortis-Manipal deal citing valuation concerns
3 min read2 Apr 2018Fortis Healthcare said its shareholders have approved increasing the shareholding limit for foreign institutional investors to up to 74% from 24% at present
1 min read28 Jun 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared