FHL Board receives binding bids

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Mumbai, July 3 (IANS) Fortis Healthcare (FHL) on Tuesday said that its Board has received “Binding Bids” from suitors on July 3.

“The ‘Binding Bids’ will be evaluated by the Board of Directors of the company in consultation with its advisors,” FHL said in a BSE filing on Tuesday.

On June 29, FHL had extended the deadline for submission of binding bids to July 3.

FHL had earlier said that it will consider the bids of four suitors — Hero Enterprise Investment Office and Burman Family Office, IHH Healthcare Berhand, Radiant Life Care and TPG Asia and Manipal Health Enterprises — in the new transaction process.

The earlier date of bid submission was June 28.

–IANS

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