Manipal Hospitals raises bid for Fortis hospital business
Manipal Hospitals has raised its offer to buy rival Fortis Healthcare's hospital business after shareholders expressed dissatisfaction. The revised offer pegs Fortis hospitals' equity valuation about 21% higher at â¹6,061 crore. Manipal said as per the new offer, existing Fortis shareholders will roughly own half of the new company, which would be India's largest hospital chain by revenue.