Fortis' largest shareholder, Yes Bank, has asked the board to consider all the bids (binding as well as non-binding) despite the board recommending the Munjal-Burman offer.

After Munjal-Burman bid was announced as the preferred bid by the Fortis Healthcare board, Sunil Kant Munjal and Anand Burman spoke to BusinessToday.In Editor Rajeev Dubey and Business Today, Senior Editor Joe C Mathew about being minority shareholders, investing in Fortis and whether it is an equal investment.

The bidding war has raised the value of each Fortis share nearly 50% from the lowest offer of Rs 126 per share to Rs 185 per share. So what makes Fortis so valuable?

Within hours of the Fortis Healthcare board announcing the Munjal-Burman bid as the preferred bid to take over India's second largest hospital chain, Sunil Kant Munjal and Anand Burman sat down with BusinessToday.In Editor Rajeev Dubey and Business Today, Senior Editor Joe C Mathew to explain what convinced them to bid for the company mired in allegations of poor corporate governance, their apprehensions and how they plan to turn around the struggling healthcare chain.

The much-wooed Fortis Healthcare (FHL) may have selected a suitor at last, but the happily-ever-after bit is still a long way off.

Right after having their bid selected for the Fortis Healthcare, Sunil Kant Munjal and Anand Burman talked to Business Today about why they chose to bid for the company and how they plan to turn it around.

The hospital business of Fortis along with a 20 per cent stake in diagnostics chain SRL will be acquired by Manipal Hospitals and private equity investment firm TPG Capital.

While the issues between the Daiichi Sankyo and the Singh brothers of the then Ranbaxy are still to be resolved, leaders from corporate India are beginning to pick up some lessons from them.

Fortis, in its second and third quarter earnings statement, said its audit and risk management committee has decided to carry out an independent investigation through an external legal firm.

To make matters worse, the latter, Deloitte, Haskins & Sells LLP, has red-flagged the just-released financial results. Deloitte, in fact, said that it has not performed an audit.

The enforcement of foreign arbitral awards in India has been a little difficult due to challenges like all convention countries not being notified by the government and thus unable to get their awards enforced in India and other such hindrances.

Who are forced to deal with the ugly consequences of the Rs 11,400 crore PNB scam by Nirav Modi, Mehul Choksi? What fresh bad news is hounding Singh brothers in the Daiichi case? And why Walmart entering Indian retail sector is good? BusinessToday.in Editor Rajeev Dubey elaborates in this episode of The Good, The Bad, and The Ugly.

The corporate affairs ministry has been looking into the affairs of Fortis Healthcare and Religare Enterprises after recent reports that financial irregularities have emerged at the two companies

Fortis says that apart from paying Rs 65.98 lakh fine to stock exchanges for \"non-submission of un-audited financial results\", the reports emerging in the media had \"enhanced the scope of limited review audit by the statutory auditors\".