The less said of Fortis Healthcare’s original owners, Malvinder and Shivinder Singh, the better. Photo: Ramesh Pathania/MintThe twists and turns in the takeover battle for Fortis Healthcare are now fast beginning to resemble the manoeuvrings of a B-grade Bollywood thriller. On 27 March, the board of the stricken company announced the sale of its hospital assets to Manipal Health Enterprises Pvt. The less said of Fortis Healthcare’s original owners, Malvinder and Shivinder Singh, the better. In rapid succession, they managed to lose Ranbaxy, once the jewel in India’s generics pharma crown, and then Fortis.

Source: Mint May 16, 2018 02:48 UTC