April 11, 2018 / 3:59 AM / 10 days ago

BUZZ-India's Fortis Healthcare jumps; Manipal Hospitals raises bid

** Shares of Fortis Healthcare Ltd climb as much as 3.6 pct to 152 rupees, their highest since March 27

** Stock on track to post gains for fifth straight session

** Manipal Hospitals Enterprises on Tuesday raised its offer price to buy Fortis’ hospital business by 21 pct, in an effort to quell any opposition from Fortis’ minority shareholders

** Raised offer values Fortis’ hospital business at 60.61 bln rupees ($933.3 mln), or 116 rupees per share

** Stock has fallen nearly 21 pct in 12 months up to Tuesday ($1 = 64.9400 Indian rupees)

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