Fortis Healthcare

IHH wins race to acquire Fortis with Rs 40-bn bid, beats TPG-Manipal

One of the largest healthcare group’s in the world by market capitalisation, IHH Healthcare Berhad, has emerged as the winner in the race to acquire India’s second-largest healthcare network Fortis Healthcare Ltd (FHL) by outbidding the other contender, the TPG-Manipal combine. IHH will invest Rs 40 billion at Rs 170 per share through a…

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