STA­TUS CHECK

Business Standard - - FRONT PAGE -

Mar 1, 2018: For­tis re­leases its Q2, Q3 re­sults, de­layed af­ter its au­di­tor red-flagged cer­tain re­lated party trans­ac­tions worth around ~5 bn

Mar28: Ma­ni­pal Hos­pi­tals and For­tis an­nounce merger of their hos­pi­tal busi­nesses, cre­at­ing the largest provider of health­care ser­vices in In­dia by rev­enue

■ In­vestors, share­hold­ers ex­press dis­sat­is­fac­tion over deal val­u­a­tion

Apr 5: On an ap­pli­ca­tion moved by Dai­ichi Sankyo, the Delhi HC asks For­tis to file an af­fi­davit

Apr 10: TPG-Ma­ni­pal re­vises its of­fer, in­creas­ing it by 21%

Apr 11: Malaysia’s IHH Health­care of­fers up to ~160 a share in a non-bind­ing bid, up from Ma­ni­pal’s ~155 a share

Apr 12: Su­nil Kant Mun­jal of Hero En­ter­prise and the Bur­man fam­ily of­fice pro­pose to in­vest ~12.50 bn in two tranches

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