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Blackstone likely to assist Ranjan Pai acquire Medanta

Monday, February 18, 2019, 9:07 AM

Blackstone is looking to invest about Rs.3,200Cr to help Ranjan Pai of the Manipal Group acquire Naresh Trehans Medanta Hospital for Rs.6,000Cr, said people with knowledge of matter. The world's largest private-equity firm is capitalising Pai family's privately held, wholly owned umbrella entity MEMG. Pai owns 60% of Manipal Hospitals through the promoter holding company, with TPG and Temasek owning the rest.
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Malvinder wanted Rs 1,000 crore for amicable separation, says Shivinder Mohan Singh

Saturday, December 8, 2018, 5:02 PM

Shivinder Mohan Singh, co-promoter of RHC Holding and former co-promoter of Fortis Healthcare, said he has pulled out of the negotiation process with his elder brother Malvinder Mohan Singh after the latter demanded Rs 1,000 crore for amicable separation. He said he would be happy to exit the group but wanted the group to pay him Rs 1,000 crore.
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Shivinder: No scope for settlement with Malvinder

Saturday, December 8, 2018, 10:29 AM

As the feuding former Fortis and Ranbaxy promoters the Singh brothers reportedly came to blows, younger brother Shivinder Singh on Friday said the latest incident closes all options for any possible solution to work together with his elder sibling, Malvinder Singh. Putting out his side of the incident, Shivinder said he visited our office for a scheduled extraordinary general meeting (EGM).

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