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Malaysia's IHH offers to buy Fortis at 160 per share

Reuters  |  MUMBAI 

MUMBAI (Reuters) - India's Fortis Healthcare Ltd said on Friday Malaysia's IHH Healthcare Berhad has offered to buy the company at 160 rupees ($2.45) per share, paving the way to a better bid than Manipal Hospitals. Manipal Hospitals Enterprises Pvt Ltd offered to buy Fortis, which is among India's largest hospital operators, at 155 rupees per share earlier this week. The offer didn't impress Fortis's minority shareholders, including Indian equity investor Rakesh Jhunjhunwala, who called the price "low". IHH, one of Asia's largest healthcare operators, made an "unsolicited non-binding ...

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First Published: Fri, April 13 2018. 17:11 IST