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FORTIS MANIPAL MERGER
Fortis fresh binding bids due Tuesday, board sets evaluation termsBidders will have to disclose the source of their funds to finance the transaction, including firm commitment letters from lenders and plan...
Manipal-TPG combine extends validity of revised offer for FortisIn a letter to the directors of Fortis Healthcare Ltd, Manipal-TPG combine said it understands that the FHL board is still in the process o...
Liquidity and certainty main reasons for choosing Munjal-Burman bid, says FortisThe board recommended the Munjal-Burman bid on Thursday as the best offer for the country's second largest hospital chain.
Between TPG and Manipal, we are looking at investing Rs 4,500-5,000 cr in Fortis: Ranjan Pai“We are offering to take the responsibility of buying out the SRL private equity minorities directly.”
Our offer will be fastest to implement: Sunil Kant Munjal on Fortis bidMunjal of Hero Enterprise and the Burman family of the Dabur group upped their proposal to invest INR 1,800 crore from Rs1,500 crore direct...
Manipal-TPG revises offer for Fortis Healthcare, values group at Rs 8,358 croreManipal-TPG have also proposed to merge MHEPL into Fortis Healthcare (FHL) and have valued the latter at Rs 8,358 crore for the same.
Race for Fortis: Hero's SK Munjal and Dabur's Burmans revise bid, offer Rs 1,800 crore to sweeten dealIncluding the warrant subscription amount, their upfront investment would be Rs 1,050 crore. The offer is valid until May 15.
Manipal-TPG submits revised bid for Fortis in run up to expert committee meetAccording to Manipal-TPG's new offer, the consortium has hiked the premium offered over and above the equity valuation for Fortis Healthcar...
Manipal-TPG sweetens Fortis deal terms to win investors voteRanjan Pai-led Manipal and TPG have also decided to rework the earlier swap ratios in response to complaints that Fortis had been undervalu...
Manipal Health offers Rs 31.54 crore for Fortis Malar sharesThe open offer has been triggered following an announcement that Fortis Healthcare Ltd would be demerging its hospital business and merging...
Minority shareholders upset over Fortis plan to merge with ManipalThey are unhappy over the deal undervaluing the worth of the hospital business significantly. They also complain that the valuation of Mani...
Fortis has not been undervalued: Ranjan Pai, Chairman, Manipal GroupRanjan Pai, chairman, Manipal Group, said in an interview that over the next few weeks, he will reach out to investors to allay their conce...
Fortis Healthcare to demerge hospital division into Manipal HospitalsThe transaction will automatically list the resultant company on the Indian bourses that will be the largest hospital services provider in ...
Temasek looking to exit Manipal Hospitals; in talks to sell stake to promotersManipal Hospitals is widely considered as the front-runner for a potential merger with debt-laden Fortis Healthcare.
Abu Dhabi company VPS Healthcare enters fray for FortisVPS Heathcare, which controls Burjeel in Abu Dhabi among others, has a network of 22 hospitals and 125 clinics between Middle East and Indi...
TPG looks to combine Fortis, Manipal; biggest healthcare deal will create rival to India’s No. 1 hospital chain ApolloIndia's healthcare industry is projected to grow at a compounded annual growth rate of 13%, hitting Rs 6.85 lakh crore by 2020.
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