Malaysia's IHH Healthcare wins over India's Fortis with $1.1b takeover bid

Malaysia's IHH Healthcare wins over India's Fortis with $1.1b takeover bid

Photo: Reuters

Putting an end to a long-drawn takeover battle, Malaysia’s IHH Healthcare Bhd has emerged as the preferred bidder to take over 31.1 per cent controlling stake in India’s Fortis Healthcare Ltd for $582 million or Rs 170 per share, it said in an announcement today.

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