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Fortis weighs offers from Manipal, IHH in new bidding round

Mimi Sabreena 3:03:00 PM Informasi

MUMBAI (June 1): India's Fortis Healthcare said on Friday its board would look at a new round of bids from four local and international parties, after shareholders opposed a previous board decision last month to accept an offer from a consortium.

Fortis became the target of a bidding war last month by suitors seeking to get a share of a boom in India's private healthcare market.

Fortis had accepted a proposed 18 billion rupees offer from the Hero Enterprise Investment Office and the Burman Family Office consortium.

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