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Fortis Board to meet on May 10 to evaluate bids, calls for EGM

The regulatory filing further said that the company's Board has "instructed the management to appoint a second independent financial advisor to assist and advise the board with respect to the bids"

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Fortis Healthcare on Saturday said that its Board will meet on May 10 to consider the recommendations made by its "expert advisory committee" (EAC) which has been set-up to evaluate all binding proposals for fund infusion. As per a regulatory filing, the company informed the stock exchanges that its EAC will now consist of two members "who have already been appointed to the EAC viz. Mr. Deepak Kapoor and Mr. Lalit Bhasin".

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