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 . . .
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