Fortis Healthcare Ltd (FOHE.NS)
22 Jun 2018
Thu, Jun 14 2018
June 14 Fortis Healthcare Ltd on Wednesday withdrew the scheme of arrangement and amalgamation with its units Fortis Malar Hospitals Ltd and SRL Ltd, citing a delay in its completion.
BENGALURU, May 29 India's cash-strapped Fortis Healthcare Ltd laid out plans on Tuesday for a fresh bidding process, after it became the subject of a bidding war by suitors seeking to cash in on an expected boom in India's private healthcare market.
May 29 Fortis Healthcare Ltd on Tuesday decided to initiate a fresh bidding process, after the board's previous choice of the investment offer in the bidding war did not appeal to shareholders.
* Fortis has received offers from five parties (Adds details, background)
Fortis Healthcare Ltd on Monday said the consortium of Hero Enterprise Investment Office and Burman Family Office, which won a five-way bidding war for the Indian firm, has permitted re-opening the bidding process, amid shareholder concerns over the board's choice of the underdog.
May 28 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.
* Appointment of three independent directors approved (Adds new independent directors, background)
Investors in India's Fortis Healthcare Ltd voted out a fourth director from the hospital operator's board, it said on Wednesday, expressing displeasure over the company's handling of offers of investment.
May 23 Investors in India's Fortis Healthcare Ltd voted out a fourth director from the hospital operator's board, it said on Wednesday, expressing displeasure over the company's handling of offers of investment.
MUMBAI, May 21 Three directors of India's Fortis Healthcare have quit ahead of a shareholder vote on Tuesday to decide their future, the company said, the latest twist in a prolonged takeover battle for the hospitals operator.