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Fortis Healthcare

Rakesh Jhunjhunwala shareholding in Fortis Healthcare jumps!

Rakesh Jhunjhunwala shareholding in Fortis Healthcare jumps!

Tue, Jan 21, 2020

Rakesh Jhunjhunwala has increased his capital exposure in Fortis Healthcare from 1.66 per cent to 2.65 per cent.

Stocks to watch out for: SBI, PNB to Wipro - Follow these shares today; here's why

Stocks to watch out for: SBI, PNB to Wipro - Follow these shares today; here's why

Fri, Jun 07, 2019

There are series of events taking place into the government and corporate circles that may have its impact on the particular stocks. Zee Business TV makes a bunch of those stocks.

Ace investor Rakesh Jhunjhunwala removes money from this stock - What should you do? Find out

Ace investor Rakesh Jhunjhunwala removes money from this stock - What should you do? Find out

Fri, Jan 25, 2019

Earlier, Jhunjhunwala held about 2.41% stake in Fortis. So far, in six month’s period, Fortis has only grown by 1.96% which means there were barely any earnings made by Jhunjhunwala in this stock.

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Fortis Healthcare bidding: Munjals-Burmans claim their proposal offer best value

Fortis Healthcare bidding: Munjals-Burmans claim their proposal offer best value

Mon, May 07, 2018

Hero Enterprises and Burman family today claimed their proposition for Fortis was the best offer for the healthcare major as it would value the company to up to Rs 9,000 crore.

Fortis Healthcare bidding war: A timeline

Fortis Healthcare bidding war: A timeline

Mon, May 07, 2018

Fortis Healthcare Ltd (FHL), which runs about 30 hospitals in India, has become a target of a heated takeover battle, with five entities bidding for the embattled company. Fortis has set up an advisory committee to evaluate binding offers from suitors vying to acquire the company, or take a stake

Battle for Fortis Healthcare: Manipal Health Enterprises-TPG Capital make final offer

Battle for Fortis Healthcare: Manipal Health Enterprises-TPG Capital make final offer

Mon, May 07, 2018

On May 1, Malaysian IHH Healthcare Berhad and Hero Enterprise Investment Office-Burman Family Office had sweetened their offers for Fortis by proposing an investment of Rs 4,375 crore at a price of Rs 175 per share. While Munjal-Burman has offered Rs 1,800 crore (without any due diligence) for three Board seats, up from their earlier Rs 1,500 crore for two seats.

Manipal Health further sweetens offer for Fortis Healthcare

Manipal Health further sweetens offer for Fortis Healthcare

Sun, May 06, 2018

The move is aimed at helping FHL deal with short term liquidity concerns, repayment of existing loans and payment for the acquisition of the relevant Indian entities from Religare Health Trust (RHT), MHEPL said in its revised offer to FHL board. Manipal Health Enterprises Pvt Ltd (MHEPL) has offered to merge it with FHL to create one of the leading healthcare platforms in India, the filing said

Fortis Healthcare sale: Manipal-TPG may emerge as biggest bidders even as rivals hike offers

Fortis Healthcare sale: Manipal-TPG may emerge as biggest bidders even as rivals hike offers

Wed, May 02, 2018

The bidding war for Fortis Healthcare doesn’t seem to end. Hero Enterprise Investment Office-Burman Family Office and Malaysian IHH Healthcare Berhad hiked their offers for the Gurugram-based hospital chain on Tuesday.

Fortis Healthcare stake sale: Munjal-Burmans bat for level playing field

Fortis Healthcare stake sale: Munjal-Burmans bat for level playing field

Mon, Apr 30, 2018

Fortis Healthcare on Saturday said its board will meet on May 10 to take a decision on the binding bids for the company as recommended by the expert advisory committee (EAC).

Fortis Healthcare sale: Yes Bank confident of fetching good valuation

Fortis Healthcare sale: Yes Bank confident of fetching good valuation

Sat, Apr 28, 2018

In February this year, Yes Bank, which was the largest lender to Fortis Healthcare, had acquired a 17.31 per cent stake by invoking nearly 9 crore pledged shares. Later in mid-March, it sold 2.17 per cent of this bringing down its shareholding to 15.14 per cent as of March 2018

Fortis Healthcare bidding war: Now, minority shareholders bag 3 positions on Board

Fortis Healthcare bidding war: Now, minority shareholders bag 3 positions on Board

Fri, Apr 27, 2018

Minority shareholders of Fortis Healthcare, comprising nearly 50% of the company’s shareholding, will now have representation on the hospital’s Board. The names of three additional independent directors recommeded by them have received management’s invitation.

Fortis Healthcare sale: Manipal Health backed TPG Capital sweetens deal

Fortis Healthcare sale: Manipal Health backed TPG Capital sweetens deal

Thu, Apr 26, 2018

Manipal Health Enterprises (MHE), backed by TPG Capital, has further sweetened the deal for Fortis Healthcare, valuing its hospital business at Rs 6,322 crore.

Fortis Healthcare bidding war: The timeline; all you want to know till date

Fortis Healthcare bidding war: The timeline; all you want to know till date

Thu, Apr 26, 2018

Fortis Healthcare Ltd (FHL), which runs about 30 hospitals in India, has become a target of a heated takeover battle, with five entities bidding for the embattled company. Fortis has set up an advisory committee to evaluate binding offers from suitors vying to acquire the company, or take a stake in it.

Fortis Healthcare sale: Now, Radiant, IHH revise offers

Fortis Healthcare sale: Now, Radiant, IHH revise offers

Wed, Apr 25, 2018

Suitors do not seem to give up on Fortis Healthcare. IHH Healthcare Berhad, Asia’s largest healthcare network, has again come up with an offer for the Indian hospital chain, this time for Rs 4,000 crore, while KKR-backed Radiant Life Care too has made its second offer.

Fortis Healthcare sale: Malaysia's IHH makes binding offer to invest Rs 650 crore

Fortis Healthcare sale: Malaysia's IHH makes binding offer to invest Rs 650 crore

Tue, Apr 24, 2018

Fortis Healthcare today said Malaysia's IHH Healthcare Berhard has made a binding offer to immediately infuse Rs 650 crore in the company as part of its overall proposal to invest Rs 4,000 crore. In a regulatory filing, Fortis Healthcare said it has received an unsolicited binding offer from IHH Healthcare with a proposal to invest directly into the company.

Clouds over hospital chain Fortis Healthcare keep suitors from making higher bids

Clouds over hospital chain Fortis Healthcare keep suitors from making higher bids

Mon, Apr 23, 2018

Fortis Healthcare, one of the country`s largest hospital chain operators, is evaluating offers from domestic and international firms including Malaysia`s IHH Healthcare BHD , which runs hospitals in India, Turkey, Malaysia and Singapore, and China`s Fosun International Ltd. Analysts, bankers and consultancy firms say Fortis, with around 30 hospitals, mostly in large cities in a country that lacks good public healthcare facilities, an established brand and good roster of doctors, is a rare and attractive asset in a market that is growing strongly

Munjals, Burmans extend validity of their offer for Fortis Healthcare

Munjals, Burmans extend validity of their offer for Fortis Healthcare

Mon, Apr 23, 2018

The development follows the Fortis board forming an expert panel last week to evaluate binding offers and make the final recommendation by April 26. On April 18, Hero Enterprise Investment Office and Burman Family Office improved their binding offer with a proposal to invest Rs 1,500 crore directly at a valuation of Rs 161.6 per share, from the earlier Rs 1,250 crore

Fortis Healthcare sale: Pai, Munjal,-Burman in last lap

Fortis Healthcare sale: Pai, Munjal,-Burman in last lap

Fri, Apr 20, 2018

After the Board meeting on Thursday, Fortis Healthcare’s Independent non-executive director Brian Tempest, who chaired Thursday’s meeting, said, “The Board has approved evaluation of all the binding offers that do not need due diligence. An advisory committee will be headed by Deepak Kapoor, former chairman & CEO of PricewaterhouseCoopers to oversee the evaluation process.” Standard Chartered Bank is the financial advisor to the committee and the Board.

Fortis Healthcare sale: Hero Enterprise wants 2 seats on board, says Sunil Munjal

Fortis Healthcare sale: Hero Enterprise wants 2 seats on board, says Sunil Munjal

Fri, Apr 20, 2018

Fortis Healthcare has received an improved offer from Hero Enterprise investment office and Burman family office to invest Rs 1,500 crore directly in the company, ahead of its scheduled board meeting.

Fortis Healthcare sale: Munjals, Burmans submit higher bid of Rs 1,500 crore now

Fortis Healthcare sale: Munjals, Burmans submit higher bid of Rs 1,500 crore now

Thu, Apr 19, 2018

On April 12, 2018 Hero Enterprise promoted by Sunil Munjal and the Burman family offered to invest Rs 1,250 crore directly in Fortis Healthcare, to bail out the cash-strapped company. The improved binding offer, according to Munjal, is "even simpler, more attractive and faster to implement and without any due diligence."

Fortis Healthcare sale: Now this company makes unsolicited bid

Fortis Healthcare sale: Now this company makes unsolicited bid

Wed, Apr 18, 2018

As per the offer, it would immediately infuse Rs 100 crore into the Indian hospital chain within the next 45 days, thereafter, subject to due diligence during the next three weeks it is ready to invest at at Rs 156 per share. Last week, Manipal Health Enterprises (MHE), which is backed by TPG Capital, had made a revised offer of Rs 155 per share

Fortis Healthcare sale: IHH may make hostile bid

Fortis Healthcare sale: IHH may make hostile bid

Tue, Apr 17, 2018

Already Fortis Healthcare's shareholders are opposed to TPG Capital-backed Manipal Healthcare Enterprises' (MHE) initial as well as revised offers on the ground that they are undervalued.

Fortis Healthcare board to meet this week to consider takeover options

Fortis Healthcare board to meet this week to consider takeover options

Mon, Apr 16, 2018

Fortis Healthcare share price fell about 2 per cent on Monday after the announcement by IHH and ended 2.8 percent lower. IHH shares ended down 0.33 percent after trading was halted.

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