Fortis Healthcare Limited
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Franchise India Bureau Jul 19 2018 - 3 min readDaiichi Sankyo has approached the Delhi high court to block the $1 billion sale of Fortis Healthcare to Malaysian group IHH Bhd while it enforces an arbitration award against the former promoters of the Indian hospital chain. The high court issued notices on Wednesday to Fortis and its erstwhile promoters Malvinder and Shivinder Singh, seeking ...
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Franchise India Bureau Apr 25 2018 - 2 min readIndia’s Fortis Healthcare Ltd has received another revised offer from Radiant Life Care Private Ltd proposing to buy one of its hospitals in Mumbai immediately, as a five-way takeover battle for the hospital chain intensifies. Radiant made a binding offer to purchase Fortis Mulund Hospital at an enterprise value of 12 ...
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Franchise India Bureau Apr 24 2018 - 1 min readWith the competition for Fortis takeover getting higher, Malaysia’s IHH Healthcare Bhd has revised its proposal for India’s Fortis Healthcare Ltd, making a binding proposal for about a fifth of its offer value, as the battle for the takeover of Fortis escalates. The revised offer includes a binding proposal for an ...
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Franchise India Bureau Apr 03 2018 - 2 min readPrivate Equity firm Eastbridge Capital has raised its stake in Fortis Hospital that will give it voting rights after the hospital chain announced demerging the listed entity into Manipal Hospital. According to its filings to SEBE, Eastbridge has raised its stake from the current 5.79 percent to 9.73 percent. Last week ...
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Franchise India Bureau Jan 06 2018 - 1 min readFortis Healthcare is seeking a cash injection of $790 million as part of its billionaire founders’ talks to sell their stake in India’s second-largest private hospital chain. Malvinder and Shivinder Singh have been in talks with private equity firms for the past year to sell their 34% stake in Fortis to pay down debt at ...