 "Fortis")
The board of directors of Fortis Healthcare will meet on Thursday to decide on investment offers received by the hospital chain.
Fortis has received two binding offers — a revised offer from TPG-backed Manipal Health Enterprises and a joint bid by Hero Enterprise Investment Office and the Burman family office — and a non-binding offer from Malaysia’s IHH Healthcare Berhard.
While IHH said on Monday Fortis had declined to engage with it on a takeover offer, citing binding agreements with other parties, Fortis informed the stock exchanges in the evening that its board had not taken a decision yet.
IHH, the world’s second-largest
