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Report: TPG Capital in talks to acquire 26% stake in Fortis Healthcare

Private equity group TPG Capital is in talks to acquire a stake of at least 26% in Fortis Healthcare Ltd., The Economic Times reported, citing "four sources aware of the transaction."

The acquisition of the stake will also result in an open offer for an additional 25% equity. The deal could also see Fortis' Singapore-listed business trust folding back into the listed Indian entity, according to the report.

In August, Fortis reportedly stated it would restructure the company by spinning off its diagnostic business into its unit Fortis Malar.

As on Dec. 13, US$1 was equivalent to 67.56 Indian rupees.