May 28, 2018 / 6:49 AM / a year ago

India's Fortis Healthcare says consortium agrees to re-open bidding

May 28 (Reuters) - Cash-strapped Fortis Healthcare Ltd said on Monday it had received a letter of consent from Hero Enterprise Investment Office and Burman family Office to re-open the bidding process, weeks after its board accepted the consortium’s investment offer.

The consortium had offered to invest 18 billion rupees ($266.9 million) in the company. Fortis has been in the middle of a five-way bidding war with local and international suitors wanting to invest in the firm or buy it. ($1 = 67.4500 Indian rupees) (Reporting by Tanvi Mehta in Bengaluru; Editing by Gopakumar Warrier)

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