Fortis appoints Arpwood Capital as financial advisor for the deal

Fortis Healthcare on Friday informed the stock exchanges that on the basis the direction made by the Board, the company has appointed Arpwood Capital Private Limited, an investment banking firm engaged in providing merger, acquisition and capital raising advisory services. The firm will act as financial advisor to the Board of Directors of the Company to provide its independent opinion on the offers received or to be received from bidders for a potential significant equity investment and/or acquisition or restructuring of its assets.  

Meanwhile, in the ongoing Daiichi case in Delhi High Court where the Japanese drug major had appealed