Manipal makes fresh offer, values Fortis at â¹9,403 crore
TPG Capital-backed Manipal Health has offered a higher share price for Fortis Hospital days after the hospital chain backed a joint bid from the Munjal and Burman families. Manipal offered to infuse â¹2,100 crore at a valuation of â¹9,403 crore. The Munjal-Burman bid "only partially solves the short-term liquidity concerns...and fails to deliver any long term benefits", Manipal's bid claimed.