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Fortis Healthcare consider investment proposal from Munjals and Burman

Capital Market 

To invest Rs 1250 crore directly into Healthcare

Healthcare has received an unsolicited binding offer from ('Hero' or 'Munjals') and ('Burmans') with a proposal to invest Rs 1,250 crore into the Company through Preferential Allotment Route (i.e. Rs. 500 crore binding offer immediately and Rs. 750 crore post diligence to be completed within three weeks), subject to certain conditions as mentioned in the offer letter. The said proposal is under evaluation by the Company

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 13 2018. 09:34 IST