Fortis Healthcare gets unsolicited offer from Radiant Life Care

(Reuters) - The takeover battle for cash-strapped Indian hospital operator Fortis Healthcare intensified on Friday with Radiant Life Care Private Ltd, the fifth suitor, entering the fray on Thursday.

In the non-binding offer, Radiant Life has proposed to make and investment and/or re-structure Fortis Healthcare, Fortis said in a statement.

Separately, Fortis Healthcare said earlier it would set up an advisory committee to evaluate binding offers from suitors lining up to buy the company or take a stake.

(Reporting by Subrat Patnaik in Bengaluru; Editing by Gopakumar Warrier)