A deal could value the business at $300m, said Reuters, citing people familiar with the matter.
Fortis Healthcare received 10 bids from suitors by last week’s deadline including an offer from private equity firm Advent international, said one of the sources.
Quality Healthcare has 50 medical centres, over 500 clinics and more than 20 dental and physiotherapy centres.
Earlier this year it was reported that Fortis Healthcare could raise as much as INR54.2 crore ($100m) from the World Bank’s investment arm IFC through both equity and foreign currency convertible bonds.
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