Wednesday, January 16, 2019

Posted at: Apr 17, 2018, 12:04 AM; last updated: Apr 17, 2018, 12:04 AM (IST)

Fortis to look at all eligible options in Board meet

New Delhi, April 16

Fortis Healthcare on Monday said its Board will meet this week to “look at all eligible options” as two more parties have entered the fray to acquire it after its pact with Manipal Health Enterprises.

Malaysia’s IHH Healthcare said Fortis has expressed inability to engage with it over its offer to acquire the Indian healthcare firm at up to Rs 160 per share due to binding agreements with Manipal Health Enterprises.

IHH had last week joined the race to acquire Fortis. Earlier, Hero Enterprise Investment Office and Burman Family Office had offered to invest Rs 1,250 crore in Fortis. — PTI


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