INSUBCONTINENT EXCLUSIVE:
IHH Healthcare at Rs 160 per share.
The clarification from the company came after Economic Times on April 12, 2018 reported that IHH was
terms of market cap (around $13 billion), and is the largest private healthcare provider in Asia.
The announcement was made by Fortis
Healthcare post market hours.
The battle for Fortis Healthcare intensified on Thursday with the surprise entry of a third contender into the
fray, as the family offices of Sunil Munjal of Hero Enterprises and the Burmans of the Dabur group submitted a joint bid, which sought to
better a revised one by TPG-backed Manipal Health Enterprises.
Ace investor Rakesh Jhunjhunwala had earlier questioned the proposed deal
interested parties to bid.
