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Fortis board recommends Burman-Munjal consortium for approval of shareholder

Updated : May 17, 2018 08:07 PM IST

The deal will infuse Rs 800 crore through a preferential allotment of equity shares at Rs 167 per share.
The consortium-led by Sunil Kant Munjal of Hero Enterprise and the Burman family of Dabur submitted a binding bid to invest Rs 1,800 crore in Fortis with Rs 1,050 crore upfront.

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