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Manipal Has Offered A Complex Deal To Fortis: Sunil Kant Munjal

Manipal Has Offered A Complex Deal To Fortis: Sunil Kant Munjal

✅ With the current bid we want to ensure Fortis becomes debt free

✅ Will pay Rs 500 crore cash immediately as Fortis requires liquidity

✅ Remaining Rs 750 crore will be put in after due diligence

✅ Hero Enterprises’ shareholding will increase to 14-17 percent if deal goes through from 3 percent

✅ Manipal has offered a complex deal to Fortis Healthcare