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CCI approves IHH Healthcare’s acquisition of Fortis

Updated : October 31, 2018 06:05 AM IST

Earlier on July 13, Fortis Healthcare board had approved Rs 4,000-crore offer from Malaysia’s IHH Healthcare for 31.1 percent stake in it, valuing the cash-strapped firm at Rs 8,880 crore thus ending months of takeover battle.
The Malaysian healthcare major which offered to infuse the capital at Rs 170 per share pipped rival Manipal-TPG combine’s Rs 2,100-crore offer at Rs 160 per share.
CCI approves IHH Healthcare’s acquisition of Fortis
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