Fortis Board receives 'Binding Bids'
Mumbai, July 3: Fortis Healthcare (FHL) on Tuesday said that its Board has received "Binding Bids" from suitors under the new transaction process.
"The 'Binding Bids' will be evaluated by the Board of Directors of the company in consultation with its advisors," FHL said in a BSE filing on Tuesday.
On June 29, FHL had extended the deadline for submission of binding bids to July 3.
FHL had earlier said that it will consider the bids of four suitors -- Hero Enterprise Investment Office and Burman Family Office, IHH Healthcare Berhand, Radiant Life Care and TPG Asia and Manipal Health Enterprises -- in the new transaction process.
The earlier date of bid submission was June 28.
On its part, IHH in a filing to Bursa Malaysia informed that it has on Tuesday "issued a letter to the Board of Fortis setting out a binding offer, which supersedes and replaces the Enhanced Revised Proposal".
"The 'Binding Offer Letter' represents IHH's only binding offer. Legal obligations and agreement between IHH and Fortis will be created only after the Board of Fortis approves the preferential allotment in terms of the share subscription agreement to be executed between Fortis and IHH or the nominee of IHH."
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Mona wins gold medal, Amir silver in para shooting World Cup
New Delhi (PTI): Indian para-shooter Mona Aggarwal claimed a gold medal in women's 10m air rifle while Army man Amir Ahmed Bhatt secured a silver in 25m pistol at the WSPS World Cup in Changwon, Korea, on Thursday.
Mona claimed the R2 - 10m air rifle standing SH1 gold medal with a score of 250.8 in the final.
It was her second World Cup title of the year following her win in the same event at the World Cup in New Delhi last month, when she sealed a Paralympic quota.
Slovakia's Verónica Vadovicova (250) and Swedish shooter Anna Benson (228.8) won the silver and bronze medals respectively.
The 37-year-old Mona, the mother of two children, looked in good touch in the final as all her 24 shots were above the 10-point mark. She had scored 625.5 to claim the fifth position in the qualification round.
Mona had done well at the state level in shot put and powerlifting before picking up shooting only in December 2021.
