Fortis Healthcare has agreed to provide corporate guarantee for a term loan of SGD 165 million (over Rs 800 crore) that its subsidiary Fortis Healthcare International is taking from a consortium of bankers.
"One of the company's wholly owned subsidiary... Fortis Healthcare International Ltd, incorporated in Mauritius on October 7, 2016 has agreed to accept a term loan of SGD 165 million from Consortium of Bankers (Singapore)," Fortis Healthcare today said in a BSE filing.
Fortis Healthcare Ltd being the holding company has agreed to provide corporate guarantee for the said credit facility, it added.
Shares of Fortis Healthcare closed 0.52 per cent higher at Rs 172.40 per scrip on BSE.
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