acquisition deal
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Franchise India Bureau May 15 2018 - 2 min readMedia baron Subhash Chandra’s Essel Group has planned to acquire a majority stake in Mumbai-listed non-bank lender LKP Finance Ltd. Dakshin Mercantile Pvt. Ltd, an Essel Group company, signed a pact to acquire a stake of up to 62% in LKP Finance for as much as Rs 154.3 crore (around $23 ...
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Franchise India Bureau May 15 2018 - 2 min readAs the bidding war for India’s second-largest hospital chain shows no signs of ending, Manipal Hospital Enterprises Pvt. Ltd has revised its offer for Fortis Healthcare Ltd for a fourth time, despite the target company’s board picking a winner last week. Manipal, backed by private equity giant TPG, increased its offer ...
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Franchise India Bureau May 14 2018 - 2 min readMalaysia’s IHH Healthcare Bhd and homegrown hospital chain Manipal Health Enterprises Pvt. Ltd has expressed their disappointment over the decision by the board of Fortis Healthcare Ltd to choose the Munjal-Burman combine as the winner of a five-way takeover battle. IHH managing director and CEO Tan See Leng and Manipal group ...
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Franchise India Bureau Apr 11 2018 - 3 min readManipal Hospital Enterprises Private Ltd (Manipal Hospitals) has submitted another bid to buy Fortis Healthcare after consulting with the latter's shareholders, who expressed their dissatisfaction with the earlier offer. As a part of the revised offer, Fortis' hospital business is valued at Rs 6,061 crore (Rs 116 per share), which represents ...
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Franchise India Bureau Apr 06 2018 - 2 min readTop Indian carrier Interglobe Aviation Ltd, which operates under the IndiGo brand has opted out of a race to acquire state-run Air India due to unfitting norms set by the government. The Indian government, last week released bid documents seeking to sell a 76 percent stake in the money-losing flag in ...