In battle for control of Fortis Healthcare, it is advantage shareholders

Manipal-TPG combine and IHH Healthcare likely to make voluntary open offers

The brewing war between Manipal Health Enterprises-TPG Capital combine and IHH Healthcare for control of Fortis Healthcare would be advantageous for Fortis’s shareholders as both parties are aggressively trying to raise their stakes in the company.

 
According to sources, both Manipal-TPG and IHH are eyeing a controlling stake in the company, which is likely to lead to two simultaneous open offers. Sources said both suitors would try to come up with premium offers to attract investors.
 
Lawyers said this was an example of a hostile takeover where both investors could make competitive open offers to reach a reasonable shareholding