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Bigul

Update Under Regulation 30 - Expert Advisory Committee

 This is in continuation to our letter Ref. No. FHL/SEC/STEX/RR/2018-19 dated April 20, 2018 whereby, the Company informed your good office(s) about the constitution of the expert advisory committee. Further, it is hereby informed that the Company has today received a resignation of Ms. Renuka Ramnath wherein she excused herself from being the member of the committee due to her pre-occupation. The same will be tabled before the Board at the scheduled...
25-04-2018
Bigul

Regulation 30 Update

 This is with reference to the letter dated April 24, 2018 from Manipal and TPG proposing a further revised offer for Fortis ('Manipal Revised Offer'). As may be noted, the Manipal Revised Offer (which has been submitted to the stock exchanges) states that Manipal and TPG have given Fortis a one-time waiver from the exclusivity provisions under the Implementation Agreement signed with Manipal and TPG on March 27, 2018 by permitting Fortis with...
25-04-2018
Bigul

Update Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

 This is in continuation to our letter Ref. No. FHL/SEC/STEX/RR/2018-19 dated April 10, 2018 whereby, it was informed that the Board of Directors of Fortis Healthcare Limited ('the Company') has received an unsolicited binding offer, revising the earlier construct of the scheme and/or transaction, from Manipal Health Enterprises Private Limited ('MHEPL'), subject to certain conditions as mentioned in the offer letter....
24-04-2018
Bigul

Revised Offer From Radiant.

 This is in continuation to our letter Ref. No. FHL/SEC/STEX/RR/2018-19 dated April 19, 2018 whereby, it was informed that the Board of Directors of Fortis Healthcare Limited ('the Company') has received an unsolicited non-binding expression of interest from Radiant Life Care Private Limited ('Radiant') with a proposal for making investment and/or re-structuring the Company subject to certain conditions as mentioned in the offer letter....
24-04-2018

Malaysia's IHH revises offer for Fortis Healthcare, to immediately invest Rs650 crore

 Fortis Healthcare said it has received an unsolicited binding offer from IHH Healthcare with a proposal to invest directly into the company
24-04-2018
Bigul

Regulation 30 Update

 This is in continuation to our letter Ref. No. FHL/SEC/STEX/RR/2018-19 dated April 13 and April 18, 2018 whereby, it was informed that the Board of Directors of Fortis Healthcare Limited ('the Company') has received an unsolicited binding offer from IHH Healthcare Berhand ('IHH') with a proposal to invest in the Company. It is hereby informed that the Company today i.e. April 24, 2018, has received an improved offer, as attached herewith,...
24-04-2018
Bigul

Compliance Certificate- Regulation 7(3) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - For Half Year Ended March 31, 2018

 Pursuant to Regulation 7(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Compliance Certificate certifying the compliance with the requirement of Regulation 7(2) for the half year ended March 31, 2018. Kindly acknowledge receipt of the same.
24-04-2018
Bigul

Update Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

 This is in continuation to our letter Ref. No. FHL/SEC/STEX/RR/2018-19 dated April 19, 2018 whereby, it was informed that the Board of Directors of Fortis Healthcare Limited ('the Company') has received an improved binding offer ('Improved Offer') from Hero / Munjals and Burmans to invest directly into the Company. It is hereby informed that the Company has received on April 22, 2018 a letter extending the validity period, as attached herewith,...
23-04-2018
Bigul

Proxy adviser slams Fortis Healthcare board for rebuffing competing offers

 The hospital operator formed an expert panel to evaluate the proposals and make a final recommendation by April 26, when the board will make a decision, Fortis said Thursday
20-04-2018
Bigul

Radiant Life Care seeks more time from Fortis Healthcare for binding offer

 With Fortis board deciding that it would only consider binding bids in its April 26 meeting, Radiant's offer might not be taken up for approval
20-04-2018
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