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 IHH extends validity of its 'Enhanced Revised offer' for Fortis till June 30

IHH extends validity of its 'Enhanced Revised offer' for Fortis till June 30

Mumbai, May 25 (IANS) Fortis Healthcare (FHL) on Friday said that Malaysia's IHH Healthcare Berhad has extended the validity of its "Enhanced Revised Offer" to invest in the company.

As per a BSE filing, FHL said that its Board has received a letter from IHH for extending the acceptance period for its offer to June 30 from the earlier date of May 29. IHH has proposed to invest directly into the company at Rs 175 per share cost.

"In order to enable the reconstituted Board to fully consider and evaluate our proposal, we now extend the acceptance period of the enhanced revised IHH proposal..." IHH Healthcare Berhad's Managing Director and Group CEO Tan See Leng said in the letter to the Fortis Board.

The development comes just after a consortium of Manipal-TPG had extended the validity of its "modified" new offer till June 6 from the earlier date of May 29.

"We understand that the FHL board is still in the process of considering the modified new offer... in order to provide FHL board with sufficient time to consider our modified new offer, we propose to extend the validity of our modified new offer...," the Manipal Global Health Services said in a letter to the company's Board.

On May 14, the Manipal-TPG consortium had received the "modified" new offer which proposed to values the company at Rs 9,403 crore at a share price of Rs 180 per share.

However, the company's Board on May 10 decided to recommend the offer of the Munjal-Burman consortium for sale of its business to the shareholders for their approval.

Fortis' board had received offers from suitors such as Hero Enterprise Investment Office, Burman Family Office, Fosun Health Holdings, Malaysia's IHH Healthcare Berhad, Manipal Hospital Enterprises and Radiant Life Care for infusion of funds.

In addition, the validity extension of IHH's offer comes as the healthcare major's shareholders voted Director Brian W. Tempest out from the company's Board at the Extraordinary General Meeting (EGM) held on Tuesday. The EGM had sought shareholders approval on a resolution filed by a minority shareholders' group to induct and remove certain Board members among other clearances.

The resolution had sought shareholders approval to replace Tempest, Non-Executive Director Harpal Singh, and Non-Executive Independent Directors Sabina Vaisoha and Tejinder Singh Shergill from the Board.

Harpal Singh, Shergill, and Vaisoha resigned on Sunday citing personal reasons.

--IANS
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10:46 PM
 UN, Libyan factions deplore car bombing in Benghazi

UN, Libyan factions deplore car bombing in Benghazi

Tripoli, May 25 (IANS/AKI) The United Nations mission in Libya on Friday strongly condemned the "ruthless" car bomb blast in the eastern city of Benghazi that killed at least seven people including a toddler, warning that such attacks are possible war crimes.

"This week has seen a series of ruthless attacks in Libya," the UNSMIL mission said in a statement.
"UNSMIL maintains that there is no justification whatsoever for such attacks, which may amount to war crimes, and that those who have organised and enabled this attack must be brought to justice and held to account."

No group immediately claimed responsibility for the attack, which targeted a populous residential area.

The car bomb exploded late Thursday behind the city's largest hotel, Tibetsi, on a busy market street selling mostly Syrian produce, and besides those killed, 20 other people were injured, Al-Jazeera reported.

"The Mission stands in solidarity with the people of Libya in resisting attempts to spread fear, intimidation and hatred," UNSMIL said, adding that it was committed to peace in the war-wracked country through a "Libyan-led" and "inclusive" political process.

A twin car bombing killed at least 35 people in Benghazi in January and left more than 50 others wounded. Ahmad al-Fituri, a security official for military strongman Khalifa Haftar's forces, was among those killed.

Forces loyal to Haftar took control of Benghazi in 2017, after a three-year campaign against rival armed groups. The fighting has left large areas of the port city in ruins.

The Tripoli-based Presidential Council and the eastern-based Tobruk parliament on Friday deplored the "cowardly" car bombing in the port city of Benghazi in which at least seven people died and 20 were injured.

The Presidential Council - which has the function of head of state in Libya - said such crimes "will increase the Libyan people's determination to fight terrorism throughout the country".

Benghazi city council also condemned the blast, which took place in a busy market street in a populous area of the city.

Authorities in eastern Libya said it was a "terrorist car bomb explosion carried out by sleeper cells," the Libyan Observer reported on its website. But the paper cited locals as saying the blast was caused by a quarrel between rival militants in which a hand-grenade was thrown in to a notorious militiaman's ammunition-packed car, killing him and his brother.

No group immediately claimed responsibility for the bombing.

--IANS/AKI
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12:02 AM
 IPL-Playoffs: Rashid dedicates performance to blast victims in Afghanistan

IPL-Playoffs: Rashid dedicates performance to blast victims in Afghanistan

Kolkata, May 25 (IANS) Afghanistan spinner Rashid Khan on Friday dedicated his man of the match award to those who lost their lives in a blast during a cricket game in his hometown earlier this month.

Rashid Khan's virtuoso display with bat (10-ball 34) and ball (3/19) helped Sunrisers Hyderabad (SRH) beat Kolkata Knight Riders (KKR) by 13 runs to book their place in the final of the Indian Premier League (IPL) where they will meet Chennai Super Kings on Sunday in Mumbai.

"I want to dedicate this award to those who lost their lives in a blast during a cricket game in my hometown back home," Rashid, 19, said at the post match presentation ceremony.

At least eight people were killed and dozens wounded in a series of blasts during a cricket match in eastern Afghanistan earlier this month.

Coming to the match, Rashid helped struggling Hyderabad post 174/7 by scoring bulk of the 50 runs in the last three overs which proved to be the difference at the end as he took three wickets which included the wickets of Chris Lynn (48), Robin Uthappa (2) and Andre Russell (3) to help his team cross the line.

"It was much-needed for me, wanted to give my 100 per cent in all departments," Rashid said on his performance.

So far, Rashid has taken 21 wickets in 16 matches.

Rashid revealed he started his career as a batsman.

"Focus was to just believe in my skills. I was happy with the batting, it was needed in the end. I started my career as a batsman, I believe in my skills and wanted to finish off well.

"I just tried to pick the lengths, the focus was to play straight. That was the plan from the senior players. Fielding is one department where you can't make excuses, compared to last year, I've worked really hard in my fielding.

"If I can't contribute with bat or ball, I'm always looking forward to contribute on the field. Modern cricket demands that. I'm working hard on that," he signed off.

An elated Sunrisers skipper Kane Williamson said that Rashid will now be well rested so that he is in fine fettle for the all-important summit clash.

"Rashid was brilliant, but he's got another game day after. We'll keep him wrapped up," Williamson said.

"Exciting, must-win game, great to go through to the final, important to move on. As a team we fight till the last ball, showed that today. Someone like Rashid is the perfect example of that. Outstanding talent, but a team effort. Lot of the guys chipped in, great team fighting effort which is the attitude we want to see.

"One thing we didn't change was our balance, Saha was injured but he came back... was nice to have his experience. Every one of the guys have played a huge part, whether on or off the field," he added.

--IANS
dm/qd

11:50 PM
 UN, Libyan factions deplore car bombing in Benghazi

UN, Libyan factions deplore car bombing in Benghazi

Tripoli, May 25 (IANS/AKI) The United Nations mission in Libya on Friday strongly condemned the "ruthless" car bomb blast in the eastern city of Benghazi that killed at least seven people including a toddler, warning that such attacks are possible war crimes.

"This week has seen a series of ruthless attacks in Libya," the UNSMIL mission said in a statement.
"UNSMIL maintains that there is no justification whatsoever for such attacks, which may amount to war crimes, and that those who have organised and enabled this attack must be brought to justice and held to account."

No group immediately claimed responsibility for the attack, which targeted a populous residential area.

The car bomb exploded late Thursday behind the city's largest hotel, Tibetsi, on a busy market street selling mostly Syrian produce, and besides those killed, 20 other people were injured, Al-Jazeera reported.

"The Mission stands in solidarity with the people of Libya in resisting attempts to spread fear, intimidation and hatred," UNSMIL said, adding that it was committed to peace in the war-wracked country through a "Libyan-led" and "inclusive" political process.

A twin car bombing killed at least 35 people in Benghazi in January and left more than 50 others wounded. Ahmad al-Fituri, a security official for military strongman Khalifa Haftar's forces, was among those killed.

Forces loyal to Haftar took control of Benghazi in 2017, after a three-year campaign against rival armed groups. The fighting has left large areas of the port city in ruins.

The Tripoli-based Presidential Council and the eastern-based Tobruk parliament on Friday deplored the "cowardly" car bombing in the port city of Benghazi in which at least seven people died and 20 were injured.

The Presidential Council - which has the function of head of state in Libya - said such crimes "will increase the Libyan people's determination to fight terrorism throughout the country".

Benghazi city council also condemned the blast, which took place in a busy market street in a populous area of the city.

Authorities in eastern Libya said it was a "terrorist car bomb explosion carried out by sleeper cells," the Libyan Observer reported on its website. But the paper cited locals as saying the blast was caused by a quarrel between rival militants in which a hand-grenade was thrown in to a notorious militiaman's ammunition-packed car, killing him and his brother.

No group immediately claimed responsibility for the bombing.

--IANS/AKI
vd

12:02 AM

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