Manipal also offered to buy up to 5 per cent of the paid-up capital of SRL from Fortis at the same price as it will buy from private equity investors of SRL. It will buy the stake from private equity investors of SRL for Rs 11,134 crore, added the offer letter. In return, it has sought control over at least 51 per cent of voting rights in SRL along with Fortis and also majority representation on SRL's board. It has also sought limited veto rights pertaining to certain matters of SRL.