Cash-strapped Fortis said IHH will invest Rs 40 billion ($584.11 million) at Rs 170 per share in the company that operates about 30 private...

The Fortis board was reconstituted late in May after a group of minority shareholders objected to the way the bidding process was conducted.

IHH today issued a letter to the board of Fortis "setting out a binding offer, which supersedes and replaces the enhanced revised proposal,...

The healthcare group was earlier expecting these offers by June 28 but has pushed the deadline after it delayed the announcement of its fin...

KKR- backed PE firm Life Care submitted its expression of interest (EoI) on Thursday. Three other bidders include Manipal-TPG, IHH & the Mu...

Manipal-TPG on May 23 extended the validity of its improved bid for Fortis’ hospital business to June 6 for approval of the healthcare grou...

In his letter, Singh said it was reasonable for bidders to want to carry out due diligence as the company and its promoters were facing var...

Investors such as Eastbridge and Jupiter along with Rakesh Jhunjhunwala, representing 13% of the firm, have questioned the credibility of o...

The offer, if approved by shareholders, would see the Munjal-Burman combine infusing a total of Rs1,800 crore into Fortis through preferent...

York Capital Management's acquisition gives it 6.25% of the share capital carrying voting rights in Fortis Healthcare Ltd, the Indian healt...

Fortis Healthcare yesterday said its board will meet on May 10 to take a decision on the binding bids for the company as recommended by the...

The timing of her resignation raises questions as it comes on the eve of the deadline for the committee to submit its non-binding recommend...

IHH has already submitted its non-binding expression of interest to the board at a valuation of Rs 160 per share, offering to infuse Rs 4,0...

Fortis is legally required to hold an EGM as sought by stakeholders National Westminster Bank Plc, East Bridge Capital Master Fund Ltd and ...

Fortis Healthcare Ltd on Thursday dispatched a voluntary conditional cash offer document to the shareholders of Singapore-based Parkway Hol...

Malaysian sovereign fund Khazanah is likely to respond to Fortis’ counter-bid for Parkway in a week’s time, a senior official told ET.

French bank BNP Paribas has warned the Belgian government that it will withdraw its bid for assets of troubled Belgian banking and insuranc...