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Fortis Healthcare seeks fresh bids for minimum Rs 15 billion investment

Fortis Healthcare has set June 14 as the date for submitting binding bids.

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

Aneesh Phadnis Mumbai
Fortis Healthcare has invited fresh bids for an investment of at least Rs 15 billion in the hospital chain.
 
The existing bidders and new suitors can make an offer. They will be given an opportunity to undertake due diligence and will have access to financial data.
 
Under the offer conditions, bidders will have to give a plan for acquiring the RHT Trust's assets, provide an option to minority investors to exit, and retain the current management and employees.
 
Fortis Healthcare has set June 14 as the date for submitting binding bids.
 
The decision to reopen the