 "News digest: Fortis stake sale, Flipkart-Walmart deal, RJio plan, and more")
Takeover battle: Fortis Healthcare board opts for Munjal-Burman offer
The takeover saga at Fortis Healthcare, one of India’s leading healthcare chains, reached the culmination on Thursday, with the board choosing the Hero Enterprises-Burman Family Office offer as the best for the hospital and diagnostic chain.
“The Board, post having detailed discussions on the pros and cons of each offer, decided by majority, to recommend the offer of Hero Enterprise Investment Office-Burman Family Office (the last offer made on May 1, 2018)," Fortis Healthcare said in a statement to the BSE on Wednesday. Read more here
$16-billion deal: Walmart effect
