970*90
768
468
mobile

IHH Healthcare leads Fortis acquisition deal

Franchise India Bureau
Franchise India Bureau Jul 09 2018 - 1 min read
IHH Healthcare leads Fortis acquisition deal
The report said IHH had agreed to make an open offer at a premium to the average market price. It will first buy an around 25% stake in Fortis and will then make an open offer to buy an additional 26% stake.

Malaysia’s IHH Healthcare Berhad is likely to pick up at least a 51% stake in struggling hospital chain Fortis Healthcare Ltd for Rs 4,700-5,400 crore, the Mint newspaper reported.

Citing two people aware of the bid details, the report said that IHH Healthcare’s offer is more than that of TPG-backed Manipal Health Enterprises Pvt. Ltd.

The report said IHH had agreed to make an open offer at a premium to the average market price. It will first buy an around 25% stake in Fortis and will then make an open offer to buy an additional 26% stake.

Subscribe Newsletter
Submit your email address to receive the latest updates on news & host of opportunities
Entrepreneur Magazine

For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you

or Click here to Subscribe Online