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Fortis Healthcare appoints Ravi Rajagopal as chairman, shortlists 4 bidders

All the four selected entities had participated in previous investment process.

Fortis Healthcare
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The modified new offer shall remain valid and binding in its entirety until June 6

Aneesh PhadnisPTI Mumbai
Fortis Healthcare on Friday said it had shortlisted four entities, the Munjal-Burman combine, Manipal-TPG consortium, Malaysia’s IHH Healthcare Berhand and Radiant Life Care, to bid for the sale of its business. 

The hospital chain also announced appointment of Ravi Rajagopal as its chairman. Rajagopal who serves as a chairman of JM Financial in Singapore was nominated to the board by institutional investors and his selection was confirmed by shareholders last week.

In a regulatory filing, Fortis said it had received interest from various parties on May 31, according to the timeline specified in the fresh process for bidding. All the four selected