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Franchise India Bureau Jul 03 2018 - 4 min readBidders for the Fortis chain of hospitals will have to cough up a minimum investment of Rs 1,500 crore by way of preferential allotment as the Fortis HealthcareNSE 6.32 % board has stipulated certain conditions to ensure that only “serious” binding offers are made by the Tuesday deadline. The other conditions ...
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Franchise India Bureau Jun 29 2018 - 2 min readFor a second time, India’s second-largest hospital chain, Fortis Healthcare Ltd has extended the deadline to submit bids for a takeover deal, as it continues to go through the uncertainty of acquisition battle. “The date for submission of the binding bids… stands revised to Tuesday, July 3,” Fortis said in a ...
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Franchise India Bureau May 30 2018 - 2 min readFortis Healthcare has invited fresh bids for an investment of at least Rs 15 billion in the country’s second-largest hospital chain providing an opportunity for existing bidders and new suitors to make an offer. They will be given an opportunity to undertake due diligence and will have access to financial data. ...
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Franchise India Bureau May 24 2018 - 4 min readTPG Capital-backed Manipal Health Enterprises Pvt. Ltd has extended the validity of its revised offer to buy Fortis Healthcare Ltd, indicating the field is still wide open to take over India’s second-largest hospital chain. Manipal’s latest offer, which was valid till 29 May, has been extended till 6 June for the ...
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Franchise India Bureau May 09 2018 - 1 min readGlobal asset manager BlackRock Inc. and Reliance Nippon Life Asset Management Ltd have emerged as the top bidders for IDFC Asset Management Co. Ltd in the first round, a financial daily reported. A report from financial daily said that the potential buyers are likely to offer Rs 2,000-2,500 crore, while the ...