Malaysia's IHH Healthcare wins Fortis hospitals deal, beats TPG-backed Manipal

Malaysia-based IHH’s offer would invest Rs 40 billion directly in Fortis through a preferential allotment of shares at Rs 170 a share. The price is a 20% premium to Fortis’s closing level on Thursday. Fortis rejected a competing proposal backed by private-equity firm TPG.

from Hindustan Times - business https://ift.tt/2mf7gcP