Pulse

Spotlight on Fortis

| Updated on June 22, 2018

 

After a lull, next week will see the buzz return on developments involving Fortis Hospitals. The hospitals network is looking for a suitable buyer but the bidding process went through several twists and turns, including legal suits, multiple bids, unhappy minority shareholders and resigning directors.

Round two seems more organised and the week ahead begins with a board meeting that could give some insights on corporate dealings of the former promoters investigated by Luthra and Luthra. The law firm has given its report and stakeholders will be tuned in for the details. Later next week the deadline lapses for those bidding for Fortis. The last round of selection fell through after minority shareholders called the process to question.

Published on June 22, 2018

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