Fortis Healthcare Extends Deadline To Submit Bids

INSUBCONTINENT EXCLUSIVE:
Fortis Healthcare on Thursday extended the date to submit binding bids for the cash-strapped hospital chain to July 3, the second time since
it said it would start a fresh round of bidding
Fortis Healthcare Ltd's board on Tuesday approved demerger of the company's hospitals business into Manipal Hospital Enterprises Pvt
Over 500 CroreThe company said earlier this month it would look at a new round of bids from four local and international parties, after
shareholders opposed an earlier decision to accept the Hero Enterprise Investment Office and the Burman Family Office consortium's offer
932 Crore On Impairment ChargesFortis is also weighing offers from a consortium of Manipal Health Enterprises and private equity firm TPG,
TheIndianSubcontinent staff and is auto-generated from a syndicated feed.)