Diabytes
IHH Healthcare Berhard News
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This week, the shareholders had voted out the fourth director, Brian Tempest, from the board in the extraordinary general meeting (EGM) held on May 22.
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According to the offer from Manipal-TPG, the copy of which was filed with the stock exchange by Fortis, the former have also proposed to merge MHEPL into Fortis Healthcare (FHL) and have valued the latter at Rs 8,358 crore.
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The new offer from Manipal Health Enterprises (MHEPL) also proposes to arrange financial assistance of up to Rs 750 crore by way of debt financing or guarantees to lenders of FHL.
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IHH had earlier made a non-binding offer to invest Rs 4,000 crore in Fortis at Rs 160 per share.
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