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MENA Digest: Penny Software, Fortis, U-topia raise funds; Beltone VC launches $30-mn fund

TMT

19 April, 2024

MENA Digest: Penny Software, Fortis, U-topia raise funds; Beltone VC launches $30-mn fund

Funding activity picked up in the Middle East and North Africa region this week after slowing down of action during ......

Grapevine: EuroKids in talks to buy Kidzee; Indonesian billionaire eyes Videocon

General

19 November, 2019

Grapevine: EuroKids in talks to buy Kidzee; Indonesian billionaire eyes Videocon

Playschool chain EuroKids is in preliminary talks to acquire the Essel Group-operated Kidzee for between Rs 1,000 and Rs 1,200 ......

IHH Healthcare may consider merging Fortis, other India hospital brands

Healthcare

14 November, 2018

IHH Healthcare may consider merging Fortis, other India hospital brands

Malaysia’s IHH Healthcare Bhd could merge all its hospital brands in India in the distant future, a senior company official ......

Fortis shareholders vote out former Ranbaxy CEO Brian Tempest as director

People

23 May, 2018

Fortis shareholders vote out former Ranbaxy CEO Brian Tempest as director

Fortis Healthcare Ltd’s shareholders have voted by a thumping majority to oust ex-Ranbaxy CEO Brian Tempest as director, overriding promoters’ ......

Fortis picks the winner after five-way bidding war

Healthcare

11 May, 2018

Fortis picks the winner after five-way bidding war

The board of Fortis Healthcare has selected a consortium of Sunil Munjal-led Hero Enterprise Investment Office and the Burman Family ......

Two Fortis investors may block TPG-Manipal's takeover bid

Healthcare

02 May, 2018

Two Fortis investors may block TPG-Manipal's takeover bid

Two major investors in Fortis Healthcare, who have concerns over the bidding process for the cash-strapped Indian hospital operator, plan ......

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Final offers on the table for Fortis acquisition deal

Healthcare

25 April, 2018

Final offers on the table for Fortis acquisition deal

The race to acquire Fortis Healthcare Ltd has come down to four binding offers from TPG Capital-backed Manipal Health Enterprises ......

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Why Manipal is keen on making Fortis deal happen

Healthcare

25 April, 2018

Why Manipal is keen on making Fortis deal happen

Ranjan Pai, the founder of Manipal Health Enterprises Pvt. Ltd, was quite clear when he initially proposed to acquire Fortis ......

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Khazanah factor: IHH's bid gives ironical twist to Fortis sale

Healthcare

24 April, 2018

Khazanah factor: IHH's bid gives ironical twist to Fortis sale

When Khazanah Nasional Bhd-controlled IHH Healthcare Berhad announced its bid to take over Fortis Healthcare Ltd, the irony was certainly ......

The twists and turns in the bidding war for Fortis

Healthcare

18 April, 2018

The twists and turns in the bidding war for Fortis

India’s second-largest hospital chain Fortis is on the block. The company has so far attracted four offers—from China’s Fosun International, ......