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Rajeev Dubey
New Delhi, May 21, 2018
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.


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May 21, 2018



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May 21, 2018



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May 21, 2018



BusinessToday.In
May 21, 2018
Yes Bank has urged the board to not only consider revised bids received from competitors subsequently, but also consider inviting other interested companies that did not submit or revise their bids.


BusinessToday.In
New Delhi, May 18, 2018
In its statement, Tata Steel assured that all necessary approvals, like from Competition Commission of India (CCI) and National Compan Law Tribunal (NCLT), have already been secured.


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May 18, 2018



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May 18, 2018



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May 18, 2018



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May 18, 2018



PTI
New Delhi, May 17, 2018
ArcelorMittal, the only other bidder to have put in a bid for Essar Steel in the first round in February, however, opposed the opening of the second round of bids and wanted only the first round of bids to be considered.


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May 17, 2018



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May 17, 2018



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May 16, 2018



BusinessToday.In
May 16, 2018
Last week, Essar Steel's Committee of Creditors (CoC) told both suitors, ArcelorMittal and Numetal, that their bids would only be considered if they repaid all pending dues owed by people/entities connected to them within a week.


PTI
May 16, 2018
The move to park about Rs 7,000 crore in an escrow account of State Bank of India (SBI) follows ArcelorMittal's bid for Essar Steel coming in for questioning because of its past shareholding in loan defaulter firm, Uttam Galva Steel.


www.businesstoday.in
New Delhi, May 15, 2018
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.


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May 15, 2018



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May 15, 2018



Joe C Mathew
New Delhi, May 15, 2018
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?


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