Corporate News 18-Apr-18
Fortis Healthcare receives investment proposal from Fosun Health Holdings
Total investment proposed up to USD 350 million
Fortis Healthcare announced that on 17 April 2018 has received an unsolicited non-binding expression of interest from Fosun Health Holdings , a wholly owned subsidiary of Fosun International ('Fosun International'), a company listed on the Hong Kong Stock Exchange with a proposal of primary infusion at a price upto Rs. 156/share, subject to due diligence to be completed within three weeks, upto a total investment of USD 350 million (including a preliminary investment of upto Rs 100 crore) and further subject to certain conditions as mentioned in the offer letter.
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