April 10, 2018 / 5:33 PM / 4 months ago

India's Manipal Hospitals sweetens bid for Fortis hospitals

April 10 (Reuters) - India’s Manipal Hospitals Enterprises Private Ltd said on Tuesday it had raised its offer to buy Fortis Healthcare Ltd’s hospital business by 21 percent.

The revised offer values the business at 60.61 billion Indian rupees ($933.18 million), or 116 Indian rupees per share, Manipal Hospitals said in a statement.

The deal, which could create one of India’s biggest healthcare providers and help resolve an uncertain outlook for Fortis, was announced late last month.

$1 = 64.9500 Indian rupees Reporting by Ismail Shakil in Bengaluru; Editing by Anil D'Silva

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