A Fortis hospital building is pictured in New Delhi. Suitors including Chinese conglomerate Fosun International Ltd are vying for Fortis after the company
BENGALURU: Cash-strapped Indian hospital operator Fortis Healthcare Ltd said two of its five suitors had boosted their bids to invest in the company as of a deadline for binding offers yesterday.
Malaysia’s IHH Healthcare Bhd
lifted its offer to 175 rupees a share, a 9.4% premium to an earlier proposal. IHH earlier proposed injecting 6.5 billion rupees (US$98mil) immediately into Fortis, and then 33.5 billion after due diligence.
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