TPG-led group close to buying India's second-largest listed hospital chain Fortis

TPG-led group close to buying India's second-largest listed hospital chain Fortis

(L-R) Malvinder Singh Chairperson of Fortis Group and Managing Director of Fortis Health Care Shivinder Singh at the launch of Little Hearts Programme. Photo: Bloomberg/Getty

A consortium led by TPG is nearing an agreement to gain control of Fortis Healthcare Ltd., India’s second-largest private hospital chain by market value, people with knowledge of the matter said.

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