Manipal-TPG combine raises bid for India's Fortis, outlines cash injection plan

Manipal-TPG combine raises bid for India's Fortis, outlines cash injection plan

Photo: Reuters

India’s privately-held Manipal Hospitals sweetened its bid for rival Fortis Healthcare Ltd on Sunday, offering to inject 21 billion rupees ($314 million) to help the ailing hospital operator meet its immediate cash needs.

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