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Nominees of institutional shareholders to join Fortis Healthcare board

Board to meet today to discuss restructuring


Together the group (Fortis-Manipal Hospitals combine) will have 45 hospitals in India and overseas, and 11,000 installed beds

Sohini DasAneesh Phadnis Ahmedabad/Mumbai
Fortis Healthcare on Thursday acceded to investor demand and invited three nominees of institutional shareholders to join its board as part of a larger restructuring exercise.

While the board meeting on Thursday to discuss competing bids for the hospital chain was postponed (to be reconvened on Friday), it decided to invite Suvalaxmi Chakraborty, Ravi Rajagopal and Indrajit Banerjee to join the board as additional independent directors immediately. 

The three are expected to attend the board meeting on Friday, when the board said it would discuss further

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First Published: Apr 27 2018 | 1:00 AM IST

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