NEW DELHI: Fortis Healthcare should not give “unfair advantage” during the bidding process for the company, said Sunil Kant Munjal of Hero Enterprises Investment Office. The statement follows the Fortis board’s announcement that Manipal-TPG would be given until May 6 to submit a revised offer in case of any new or modified binding bids for the company.Fortis has extended the deadline for submitting binding offers to May 1 in order to ensure a “fair and transparent” process and “to accord equal opportunity to all interested parties”. The company will meet on May 10 to take a call on recommendations from an expert advisory committee set up to review these offers.“We still welcome this move by the Fortis board; however we strongly believe that there should be equal opportunity given to all bidders without any unfair advantage to any one party,” stated Munjal on behalf of Mohit and Anand Burman of the Dabur group.Munjal’s Hero Enterprises Investment and the Burman Family Office have jointly submitted an offer to infuse Rs1,500 crore into Fortis in a move that would allow them to pick up 15.34% in the company. The joint bidders have also sought two seats on the board.”…we had assumed that the final bids have been submitted and only review to choose the best offer was pending. We were a bit surprised to learn that everyone has one more chance to bid/re bid,” Munjal stated, adding that the Hero-Burman offer is “the best one” as it is in the larger interest of the company.”We are keen to invest directly in the company and believe this is the best way to create value for all stakeholders,” he said.ET’s email seeking Munjal’s response to reports that a Fortis expert advisory committee member resigned due to a potential conflict of interest arising from his investment in one of her funds remained unanswered. ET will update this article once he responds.The three-member expert advisory committee approved by the Fortis board on April 19 was unable to submit recommendations on bids received so far as the member, Multiples Equity founder Renuka Ramnath, resigned before the panel could deliberate on the offers.Fortis stated that Ramnath had resigned “due to her pre-occupation”.Fortis has so far attracted binding offers from Manipal-TPG, IHH Healthcare Bhd, Hero Enterprises Investment Office-Burman Family Office and Radiant Life Care-KKR.Manipal-TPG, the first to submit an offer for Fortis on March 27, already has a binding agreement with the company for a proposed demerger of its hospital business.