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After Manipal-TPG, IHH extends validity of offer for Fortis

Malaysian healthcare firm IHH has extended the validity of its offer to acquire stake in Fortis Healthcare days after Manipal-TPG had upped its offer to acquire the group's hospital business.
Prabha Raghavan
  • Updated On May 17, 2018 at 05:14 PM IST
NEW DELHI: Malaysian healthcare firm IHH has extended the validity of its offer to acquire stake in Fortis Healthcare days after Manipal-TPG had upped its offer to acquire the group's hospital business. IHH's offer to infuse up to Rs7,400 crore into Fortis and acquire over 50% stake in the company is now valid until May 29, the company told the Malaysian stock exchange on Thursday.

This move comes even as the Fortis board on May 10 picked a proposal by Sunil Kant Munjal of Hero Enterprises and the Burman family of Dabur group.
  • Published On May 17, 2018 at 05:14 PM IST

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