India: Fortis Healthcare suitors look to buy shares from public, banks

India: Fortis Healthcare suitors look to buy shares from public, banks

A file photo of Fortis founders Malvinder Singh (left) and Shivinder Singh: Mint

A bidding war is brewing for control of Fortis Healthcare Ltd, the hospital operator that has been without a defined promoter ever since the shareholding of founders Malvinder and Shivinder Singh dropped following the sale of their pledged shares by some lenders in February.

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