Five members of the board had voted in favour of the bid, while three members recently inducted into the board had voted in favor of other parties. Tempest declined to disclose which parties the dissenting members had voted for.
The board recommended the Munjal-Burman bid on Thursday as the best offer for the country’s second largest hospital chain.
The joint bidders had upped their offer on May 1, proposing to infuse Rs1,800 crore into the company through preferential shares and warrants without due diligence.
The Hero-Burman duo are expected to sit with the board of SRL, Fortis’ diagnostics chain, to take a call on the way forward for the business, according to Tempest.