TPG, Carlyle in talks for Fortis stake – report
TPG Capital India and The Carlyle Group are reportedly in talks to buy a 15-20% stake in Fortis Healthcare India, the listed chain of hospitals backed by Government of Singapore Investment Corp.
Ahead of the potential deal, Fortis plans to sell a 6.5% stake through a stock auction, to increase the public shareholding to 25%, the level deemed appropriate for listed firms by the stock market regulator....
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