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Manipal Hospitals sweetens bid for Fortis hospitals

Reuters 

(Reuters) - India's said on Tuesday it had raised its offer to buy Healthcare Ltd's hospital business by 21 percent.

The revised offer values the business at 60.61 billion Indian rupees ($933.18 million), or 116 Indian rupees per share, said in a statement.

The deal, which could create one of India's biggest and help resolve an uncertain outlook for Fortis, was announced late last month.

($1 = 64.9500 Indian rupees)

(Reporting by Ismail Shakil in Bengaluru; Editing by Anil D'Silva)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 10 2018. 23:14 IST
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