Chose IHH because of the simplicity of its proposal, says Fortis
Updated : July 19, 2018 06:41 PM IST
After a lot of uncertainty and speculations, the board of the cash-strapped firm accepted Rs 4,000 crore bid from IHH.
IHH outbid rival bidder TPG-Manipal in the race.
The world’s second largest healthcare group by market capitalisation, will buy 26 percent stake in Fortis at Rs 170 per share.