Fortis Healhcare board to meet today as fresh bids continue to come in

Fortis informed BSE that the board of directors of the company had received an unsolicited non-binding expression of interest from IHH Healthcare Berhad

Even as the Fortis Healthcare board is meeting on Thursday to consider the multiple proposals it has received for fund infusion or takeover, the excitement around the potential deal refuses to die down. On Thursday morning, Malaysian healthcare group IHH as well as the joint bidders Sunil Mujal (of Hero Enterprises) and Burman Family office have submitted revised offers for the healthcare group. 

In a notification to the Bombay Stock Exchange (BSE), Fortis informed that the Board of Directors of the company have received an unsolicited non-binding expression of interest from IHH Healthcare Berhad for possible due diligence and participation