Healthcare major Apollo Hospitals Enterprise on Saturday said it has received shareholders' nod to raise up to Rs 500 crore through issuance of non-convertible debentures on private placement basis.
The company had sought approval to "offer or invite subscriptions for secured/unsecured redeemable non-convertible debentures, in one or more series/tranches, aggregating up to Rs 5,000 million on a private placement basis," it said in a BSE filing.
The proposal was approved by the requisite majority in the annual general meeting held on September 27, it added.
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