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Fortis Healthcare receives unsolicited binding offer from Munjals, Burmans

13 Apr 2018 Evaluate

Fortis Healthcare has received an unsolicited binding offer from Hero Enterprise Investment Office (Hero or Munjals) and Burman Family Office (Burmans).

Both the companies have made a proposal to invest Rs 1,250 crore into the company through Preferential Allotment Route out of which Rs 500 crore binding offer immediately and Rs 750 crore post diligence to be completed within three weeks.

Fortis Healthcare is an integrated healthcare delivery service provider in Asia. The healthcare verticals of the company span primary care, diagnostics, day care specialty and hospitals, with a healthcare network spanning 9 countries.

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