May 29 (Reuters) - Fortis Healthcare Ltd on Tuesday decided to initiate a fresh bidding process, after the board's previous choice of the investment offer in the bidding war did not appeal to shareholders.
Three bidders - a consortium of Hero Enterprise Investment Office and the Burman Family Office, a consortium of TPG and Manipal Health Enterprises, and Malaysia's IHH Healthcare Bhd - have been invited to participate in the process.
The invited bidders, should submit their interest by May 31, Fortis said https://www.bseindia.com/xml-data/corpfiling/AttachLive/3a3fafef-4acc-43b2-9df0-40ddee15aaed.pdf on Tuesday. It also invited other parties to submit their expression of interest. (Reporting by Tanvi Mehta in Bengaluru, Editing by Sherry Jacob-Phillips)