Gold Silver Reports (GSR) – Fortis Healthcare Rises On Report That IHH Proposes Up To $1.3 Billion Offer – Shares of the Delhi-based hospital chain operator rose as much as 4 percent to Rs 153.90 after Bloomberg citing sources reported that IHH is proposing a potential offer for Fortis Healthcare that could value it at as much as $1.3 billion, which would top the bid from a TPG-backed consortium.
✅ IHH is said willing to pay as much as Rs 160 per share for Fortis
✅ IHH is said to seek time for due diligence, eyes friendly bid
✅ IHH said to send letter to Fortis board Wednesday on bid plans