 "News Digest")
Investors want higher price in Fortis open offer
Investors in Fortis Healthcare are said to be negotiating for a higher open offer price ahead of the company’s extraordinary general meeting (EGM) on Monday.
On July 13, Malaysia’s IHH Healthcare Berhad outbid the Manipal-TPG combine to win the race to acquire Fortis Healthcare (FHL). According to IHH’s binding offer, it will invest Rs40 billion in the cash-strapped hospital chain via preferential allotment at Rs170 a share.
Many feel that the stock has the potential to see an upside and can touch Rs240-250 levels within a year of the
Investors in Fortis Healthcare are said to be negotiating for a higher open offer price ahead of the company’s extraordinary general meeting (EGM) on Monday.
On July 13, Malaysia’s IHH Healthcare Berhad outbid the Manipal-TPG combine to win the race to acquire Fortis Healthcare (FHL). According to IHH’s binding offer, it will invest Rs40 billion in the cash-strapped hospital chain via preferential allotment at Rs170 a share.
Many feel that the stock has the potential to see an upside and can touch Rs240-250 levels within a year of the
