Fortis Healthcare shareholders need an objective and independent decision-making body to advise its board on the company's sale, which has received three takeover bids, proxy advisory firm IiAS said today.
Currently, there are three offers, which are extremely diverse, it said in a report.
The offers are from Manipal Health Enterprises, a joint one by Hero Enterprise Investment Office and Burman Family Office and Malaysia's IHH Healthcare Berhad.
In a report, 'Sholay, Satyam and Fortis Healthcare', IiAS said the focus should not be on the similarities in their misconduct, but drawing on the solution that Satyam was offered.
"While the current situation at Fortis is unfolding in as dramatic a fashion as Sholay (Hindi movie) did, its fall from grace is perhaps similar to that of Satyam Computer Services," it said,
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