Fortis Healthcare plans to raise Rs 2,750 crore

The Board of Directors of Fortis Healthcare, the largest private healthcare network in Asia, has approved the proposal to raise additional funds of Rs 2,750 crore by way of issuance of further securities. The company will take final decision regarding specific instrument, size and timing of issue of securities after advice of merchant bankers, book runners and lead managers. 

Further, the Board has also approved an increase in the borrowing limit of the company to Rs 6,000 crore and creation of mortgage, charge or hypothecation on the movable or immovable properties of the company from time to time.

With the acquisition of a strategic stake in Parkway Holdings it has spread its presence in Brunei, China, India, Malaysia, Mauritius, Singapore and the UAE.

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