The rise of family offices is redefining how rich and famous Indian business leaders manage personal wealth and other family matters.

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.

IHH Healthcare has proposed to invest Rs 650 crore into Fortis right away at Rs 175 per share.The company will put another Rs 3,350 crore at Rs 175 per share after a week's worth of due diligence.

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.

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.

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.

Flipkart co-founder Sachin Bansal bids adieu in emotional Facebook postNews of Flipkart co-founder Sachin Bansal's exit from the company had surfaced even before the Walmart deal was finalised. Now, with the Walmart-Flipkart deal following through, Sachin Bansal has put up an emotional post on Facebook. \"Sadly my work here is done and after 10 years, it's time to hand over the baton and move on from Flipkart. But I'll be watching and cheering from the outside - Flipsters, you bet...

Of the proposed investment amount, Rs 800 crore will be invested through preferential issue of equity shares and the balance through preferential issue of warrants.

On Saturday, Fortis decided to extend the deadline for all binding bids from the interested buyers till May 10, 2018. In a filing to BSE, the board said that the two-member Expert Advisory Committee will only consider evaluating all binding bids received by the firm till 12:00 noon on May 1.

So far, four entities -- KKR-backed Radiant Life Care, Malaysia-based IHH Healthcare, Manipal-TPG consortium and Munjal and Burman family offices -- have given their binding offers for the Fortis Healthcare.

It's raining revised offers for Fortis Healthcare Limited (FHL). Yesterday, it received fresh proposals from three suitors - Manipal Health Enterprises Private Limited (MHEPL), Radiant Life Care Private Limited and IHH Healthcare Berhad.

The non-binding proposal to infuse up to Rs 3,500 crore through a subsequent preferential issue and the allotment of equity shares will be done after the satisfactory completion of the due diligence, said the company.

The two partners said in a letter to the Fortis board that they were extending their deadline in the wake of the Fortis board setting up an advisory panel to evaluate binding offers and make the final recommendation by April 26.

Fortis Healthcare Ltd has received as many as five offers for control of its private hospital business, but suitors have so far held back from making bold bids for the group as it faces rising debt and a regulatory probe.

Fortis Healthcare had received binding offers from the Ranjan Pai-led Manipal-TPG consortium, and Munjal and Burman family offices. It had also received non-binding expression of interests from Malaysia's IHH Healthcare Berhad and Chinese firm Fosun Health Holdings Ltd.