Munjals, Burmans propose to invest Rs 1,250 crores directly into Fortis Healthcare

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The offer does not envisage any changes in the current structure, operations and assets of the company and is almost immediately implementable

Sunil Kant Munjal of Hero Enterprise, Dr Anand Burman, and Mohit Burman of Burman family have approached the board of Fortis Healthcare proposing to invest Rs 1,250 crores directly in the company.

In an offer letter to the Board of Fortis Healthcare, both Munjal and the Burman family, who are already existing shareholders in Fortis Healthcare, have proposed to infuse funds which, according to Munjal, “will go beyond addressing the urgent liquidity needs of the company and help the operations stabilise with immediate effect.”

This is a joint bid by Hero Enterprise promoted by Munjal and the Burman family, both of whom have a long-standing presence and interest in the healthcare sector.

“Our offer is in the best interest of Fortis Healthcare. In fact, all those connected with the company’s ecosystem, its shareholders, patients, their attendants, the community and public at large, in addition to the lenders, suppliers, doctors, medical and non-medical staff will benefit from it. We are investing in the company and our aim is to create value for all stakeholders.” said Munjal in the letter.

“Our offer does not envisage any changes in the current structure, operations and assets of the company and is simple and is almost immediately implementable,” Dr Burman said.

Since this is in the interest of all concerned, he expressed the hope that the Board would consider this offer and put it before shareholders to take a final decision. “We believe that our offer deserves serious and urgent consideration,” Burman said.

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