Fortis says Hero-Burman consortium agrees to re-open bidding

Reuters 

(Reuters) - Cash-strapped Healthcare Ltd said on Monday it had received a letter of consent from and family Office to re-open the bidding process, weeks after its board accepted the consortium's investment offer.

The consortium had offered to invest 18 billion rupees ($266.9 million) in the company. has been in the middle of a five-way bidding war with local and international suitors wanting to invest in the firm or buy it.

($1 = 67.4500 Indian rupees)

(Reporting by Tanvi Mehta in Bengaluru; Editing by Gopakumar Warrier)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 28 2018. 12:27 IST