PETALING JAYA: IHH Healthcare Bhd has issued a revised proposal to buy a stake in Fortis Healthcare Ltd with a binding offer, as competition for control of one of India’s largest private hospital chain operators heats up.
IHH told Bursa Malaysia that it had sent a letter to Fortis offering an immediate capital injection of 6.5 billion rupees (RM382.63mil) for preferential shares at 160 rupees a share and the rights to appoint two directors.
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