Fortis Healthcare’s board picked the acquisition offer made jointly by Sunil Kant Munjal of Hero Enterprise and the Burman family..The Munjal-Burman consortium outbid TPG-backed Manipal Hospitals, IHH Healthcare, and Radiant Life Care-KKR..Cyril Amarchand Mangaldas has been advising Fortis Healthcare and the team is led by Managing Partner Cyril Shroff along with Partners Ruetveij Pandya and Nivedita Rao..Veritas Legal and JM Financial are advising the Munjal-Burman consortium..The Munjal-Burman combine has offered to make an upfront equity infusion of Rs 800 crore in Fortis at Rs 167 per share through a preferential allotment and another Rs 1,000 crore through a preferential issue of warrants at Rs 176 apiece, reported VCCircle..Earlier, Fortis Healthcare had announced the sale of its hospital assets to Manipal Health Enterprises and buyout firm TPG Capital. However, the deal did not go through. Cyril Amarchand Mangaldas was advising Fortis while Manipal-TPG were being advised by AZB & Partners..Image taken from here.
Fortis Healthcare’s board picked the acquisition offer made jointly by Sunil Kant Munjal of Hero Enterprise and the Burman family..The Munjal-Burman consortium outbid TPG-backed Manipal Hospitals, IHH Healthcare, and Radiant Life Care-KKR..Cyril Amarchand Mangaldas has been advising Fortis Healthcare and the team is led by Managing Partner Cyril Shroff along with Partners Ruetveij Pandya and Nivedita Rao..Veritas Legal and JM Financial are advising the Munjal-Burman consortium..The Munjal-Burman combine has offered to make an upfront equity infusion of Rs 800 crore in Fortis at Rs 167 per share through a preferential allotment and another Rs 1,000 crore through a preferential issue of warrants at Rs 176 apiece, reported VCCircle..Earlier, Fortis Healthcare had announced the sale of its hospital assets to Manipal Health Enterprises and buyout firm TPG Capital. However, the deal did not go through. Cyril Amarchand Mangaldas was advising Fortis while Manipal-TPG were being advised by AZB & Partners..Image taken from here.
