 "Fortis Healthcare")
Fortis Healthcare on Tuesday decided to initiate a fresh, time-bound bidding process for its sale and terminated the offer from Munjal-Burman combine that was earlier accepted by the company's board.
The move comes a day after the Munjal-Burman combine had given their consent to re-open the bidding process.
After its two-day meeting that began yesterday, Fortis board has decided to initiate a fresh, time-bound process to optimise the company's and shareholders' short and long term interests, according to a regulatory filing.
"Munjal-Burman consortium's offer accepted by the board (of Fortis) on May 10, 2018 stands mutually terminated," Fortis Healthcare Ltd (FHL) said in
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