Fortis Healthcare shares jump to 6-week high after IHH raises bid

India's fraud watchdog and market regulator have since started investigations to see if there were any financial irregularities at the company

Fortis Healthcare shares extended their best monthly gain in more than three years after IHH Healthcare Bhd and two Indian tycoons revised their offers in the race for the country's second-largest hospital chain.

The stock climbed 4.3 per cent to Rs 158.90, its highest close since March 15. Fortis shares gained 24 per cent last month, the best performance since February 2015. Asia's most-valuable hospital operator has offered to make an immediate equity investment at Rs 175 ($2.6) a share, up from its previous bid of Rs 160 apiece, and subsequently invest more after completing a due diligence. The Munjal