 "Fortis")
Fortis Healthcare said Manipal Health’s offer to waive exclusivity clauses from their agreement was rejected because of onerous conditions. Manipal had offered a one-time waiver from exclusivity provisions under the agreement it signed with Fortis last month. This would have allowed Fortis to consider other offers and permit due diligence to other suitors. On Wednesday, Fortis said Mani pal sought to impose additional onerous conditions.
A Manipal spokesperson, however, said: “No onerous conditions, which would be detrimental to Fortis share-holders, were added. On the contrary,
