Fortis initiates fresh bidding process after board revamp
The newly reconstituted Fortis Healthcare board has initiated a fresh bidding process for the control of India's second-largest hospital chain. Three bidders who submitted binding offers in the last round, the Munjal-Burman duo, Manipal Health, and Malaysia's IHH Healthcare, have been asked to participate. The bidders in the new round should submit offers with a minimum investment of â¹1,500 crore.