INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Fortis Healthcare tanked over 3 per cent on Wednesday after the Munjal-Burman combine, which had earlier emerged as the preferred
suitor for Fortis Healthcare, backed out of fresh bidding for the helthcare firm
The stock fell 3.87 per cent to hit a low of Rs 136.50 on the BSE.
IHH Healthcare Bhd and Manipal Health Enterprises are left in the fray
for acquisition of Fortis Healthcare, ET reported
Malaysian healthcare giant IHH Healthcare Bhd is seen as most aggressive and the results are likely on Thursday.
While the Munjal-Burman
bloc dropping out may have come as a surprise, especially after its late but aggressive entry into the takeover battle, executives tracking
the bidding process said the Delhi-based consortium had turned lukewarm on the deal in the past 10 days, staying away from the negotiations
offer of Rs 175 per share, said a source on condition of anonymity
