Religare Enterprises Ltd (RELG.NS)
20 Jul 2018
June 28 Indian shares fell on Thursday, ahead of the expiry of derivatives contracts, as the rupee hit a record low and crude oil prices remained firm while lingering global trade war fears continued to hurt sentiment.
* SAYS ASHOK MEHTA TO SERVE AS INTERIM CEO; HAS STEPPED DOWN AS INDEPENDENT DIRECTOR Source text: http://bit.ly/2HAo1LV Further company coverage:
Cash-strapped Fortis Healthcare Ltd said Fosun International Ltd has offered to invest up to $350 million, making the Chinese firm the fourth suitor aiming to tap soaring demand for private healthcare in India.
April 17 India's Fortis Healthcare Ltd , the target of two rival takeover bids, has received an unsolicited offer from Chinese conglomerate Fosun International for an investment of up to $350 million.
India's Manipal Hospitals Enterprises Private Ltd raised its offer to buy rival Fortis Healthcare Ltd's hospital business by about a fifth in an attempt to win over minority shareholders opposed to the deal.
* New offer values Fortis's hospitals at 60.61 billion rupees
April 10 India's Manipal Hospitals Enterprises Private Ltd said on Tuesday it had raised its offer to buy Fortis Healthcare Ltd's hospital business by 21 percent.
BRIEF-Religare Enterprises Says Tribunal Directs Co, Units To File Affidavit In Proceedings W.R.T. Axis Bank Application
* DEBT RECOVERY TRIBUNAL II DIRECTED CO, UNITS TO FILE AFFIDAVIT OF ASSETS IN PROCEEDINGS W.R.T. APPLICATION FILED BY AXIS BANK
March 28 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:
BANGALORE/MUMBAI India's Manipal Hospitals Enterprises Private Ltd plans to buy troubled Fortis Healthcare Ltd's hospital business, but the deal is expected to run into opposition from Fortis minority shareholders whose shares plunged 14 percent on the news.