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Malaysia's IHH plans rival bid for India's Fortis Healthcare - Bloomberg


(Reuters) - Malaysian investment holding firm IHH Healthcare Bhd plans to bid for India's Fortis Healthcare Ltd at a price marginally better than Manipal Hospitals Enterprises Pvt Ltd's offer, Bloomberg reported on Thursday, citing people aware of the matter.The rival bid by IHH would follow Manipal's offer on April 10 to buy Fortis at around 155 rupees per share, or 80.39 billion rupees ($1.23 billion), which minority shareholders -- including billionaire Indian investor Rakesh Jhunjhunwala -- had expressed concerns about.The IHH bid could value the healthcare ...

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First Published: Thu, April 12 2018. 12:59 IST