IHH tops TPG-backed consortium offer with $1.3b bid to buy India's Fortis

IHH tops TPG-backed consortium offer with $1.3b bid to buy India's Fortis

Photo: Reuters

IHH Healthcare Bhd. has proposed a potential bid of as much as $1.3 billion for Fortis Healthcare Ltd. that tops an offer from a TPG-backed consortium, according to people with knowledge of the matter, opening a possible takeover battle for India’s second-largest hospital chain.

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