The Fortis Healthcare saga continues...here's how it has unfolded so far
Apr 13, 2018, 01:47 PM
Fortis Healthcare received an unsolicited non-binding expression of interest from Malaysia-based IHH Healthcare that offered a price of up to Rs 160 per share.
Meanwhile, on Thursday it had received an unsolicited binding offer jointly from Sunil Munjal of Hero and Burmans of Dabur to invest Rs 1,250 crore directly into the company through a preferential allotment.
Of the Rs 1,250 crore - Munjal and Burmans have offered to invest Rs 500 crore immediately, and Rs 750 crore post due diligence to be completed within three weeks.