"We are now evaluating all possible options, to ensure shareholders have the opportunity to realise this value".
Hero Enterprise Investment Office and Burman Family Office will become Fortis' largest shareholder with an investment of 18 billion rupees (S$357 million), valuing the firm at about 90 billion rupees.
The Burman Family Office and Hero Enterprise Investment Office had tabled a binding offer to invest Rs800 crore through a preferential share issue at Rs167 each and Rs1,000 crore via preferential issue of warrants at Rs176 per warrant.
It also encapsulates a "Preferential Issue of Warrants of Rs 1,000 crore at Rs 176 per share or as per SEBI ICDR guidelines whichever is higher".
"Going forward, the immediate plan of action for the company should be to build on its strengths, retain talent, expand business and institutionalise processes at Fortis", Anand Burman, Chairman of Dabur India said on the takeover deal.
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After the investment, Hero-Burman will together own just under 20 per cent of Fortis, including the 3 per cent they already own, Mr Munjal said.
With the deal went into the lap of Munjal-Burmans, month-and-a-half-long bidding war comes to an end.
Currently, this puts to rest the heated contest that was witnessed over the last few weeks among Munjals-Burmans, Malaysian IHH Healthcare Berhad, Manipal Health Enterprise-TPG Capital, KKR backed Radiant Life Care and Fosun Health Holdings (an arm of Hong Kong's Fosun International).
India's Fortis Healthcare Ltd (FOHE.NS) aims to accept an offer of investment from the underdog of a five-way bidding war, in a decision that drew investor ire and sent shares in the cash-strapped hospital operator down nearly 5 percent.
JP Morgan has an overweight rating on the stock with a target price of Rs 225 by September 2018. It operates its healthcare delivery services in India, Dubai, Mauritius and Sri Lanka.
The consortium, which is the first to make a binding offer to Fortis, had initially valued the hospital business of the healthcare chain at Rs 5,003 crore in its offer on 27 March.