Fortis, RHT Health extend exclusivity period

Fortis Healthcare announced that in relation to the proposed acquisition by the Company and/or its subsidiaries of the equity and financial securities, in the relevant Indian entities under RHT Health Trust, the parties to the Term Sheet have mutually agreed to extend the Exclusivity Period from January 12, 2018.

This is in order to facilitate the continued negotiations and finalisation of the Definitive Agreements in relation to the Proposed Transaction.

The Exclusivity Period has been actually extended by 31 days instead of 30 days as mentioned in the last disclosure.

The Rest of the terms as mentioned in the disclosure remains the same.

Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.