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News Digest: Fortis open offer, Rs 100-bn digital boost for NE, and more

From Fortis open offer to Rs 100-bn digital boost for northeast, BS brings you top stories to keep up with the latest news

News Digest
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BS Web Team New Delhi
Investors want higher price in Fortis open offer
 
Investors in Fortis Healthcare are said to be negotiating for a higher open offer price ahead of the company’s extraordinary general meeting (EGM) on Monday.

On July 13, Malaysia’s IHH Healthcare Berhad outbid the Manipal-TPG combine to win the race to acquire Fortis Healthcare (FHL). According to IHH’s binding offer, it will invest Rs40 billion in the cash-strapped hospital chain via preferential allotment at Rs170 a share.

Many feel that the stock has the potential to see an upside and can touch Rs240-250 levels within a year of the

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