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Malaysia's IHH tops Manipal Hospital's bid for Fortis

Reuters  |  MUMBAI 

By Zeba Siddiqui and Nivedita BhattacharjeeMUMBAI (Reuters) - Malaysia's IHH Healthcare Berhad on Thursday offered to buy India's Fortis Healthcare Ltd, sparking a potential three-way takeover battle for the company at a time when interest in Indian healthcare assets is rising.IHH, one of Asia's largest healthcare operators, has bid 160 rupees ($2.45) per share for Fortis, topping a 155 rupees per share offer from Fortis's Indian rival Manipal Healthcare Enterprises Private Limited. Fortis separately on Thursday received an investment offer worth 12.5 billion rupees ($191.5 million) from two ...

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First Published: Fri, April 13 2018. 18:49 IST