IHH Healthcare Berhad News
The allotment has been done at Rs 170 per share.
The binding offer is valid till July 16, 2018, IHH Healthcare Berhad said in a regulatory filing.
In May, Fortis Healthcare had initiated a fresh time- bound bidding process for its sale after terminating the offer made by the Munjal-Burman combine.
Shares of Fortis Healthcare slumped nearly 13 percent on Friday after Malaysia's IHH Healthcare Berhad said it is not close to "concluding any negotiations" to buy controlling stake in the company.
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