Fortis, RHT Health extend exclusivity period

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.