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IHH ups ante in Fortis courtship with 40-billion rupee stake offer

Four known parties are currently wooing India's second-largest hospital chain as it struggles with cash flow and rising debt

Janice Heng

Janice Heng

Published Thu, Apr 19, 2018 · 09:50 PM
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Singapore

AS more suitors join in the pursuit of India's Fortis Healthcare, Singapore-listed IHH Healthcare is doubling down with a dowry offer of up to 40 billion rupees (S$796 million) for a stake in the Indian hospital chain.

Should the offer materialise and get accepted, it could be one of the biggest equity transactions abroad by a Singapore-listed firm.

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