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Fortis board to meet this week to consider takeover options

Reuters  |  MUMBAI 

MUMBAI (Reuters) - Fortis Healthcare Ltd said on Monday its board is expected to meet this week to look at all eligible options after the company received three bids from interested parties.Indian rival Manipal Health Enterprises Pvt Ltd had last month offered to buy the hospital business of Fortis, which is under investigation over financial fraud.Earlier in the day, Malaysia's IHH Healthcare Bhd said Fortis declined to engage with the company regarding a takeover offer, citing binding agreements with other parties.IHH, one of Asia's largest healthcare operators, offered to buy Fortis last ...

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First Published: Mon, April 16 2018. 16:05 IST
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