Wed, Apr 04, 2018
Several minority stakeholders are reportedly planning to oppose the deal between the two healthcare sector companies, as they felt the deal with Manipal undervalued Fortis' hospital business. Rakesh Jhunjhunwala said the hospital chain should be sold through a “fair” process that allows all interested parties to bid
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Wed, Mar 28, 2018
Fortis Chief Executive Bhavdeep Singh said the deal would be worth 150 billion Indian rupees ($2.3 billion), according to the estimated value of both firms and the cash involved. He did not give a breakdown of the cash and equity portions of the deal. But shares in Fortis slid on Wednesday, giving the company a market value of just 62.83 billion Indian rupees ($965 million) as investors expressed their unhappiness with the terms of the transaction.
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