Fortis Healthcare gives corporate guarantee for subsidiary

Image
Press Trust of India New Delhi
Last Updated : Sep 30 2016 | 8:02 PM IST
Fortis Healthcare today said it is providing corporate guarantee for a term loan of Rs 225 crore that its subsidiary Fortis Hospitals is availing from Yes Bank.
"One of the company's wholly-owned subsidiary company that is Fortis Hospitals Ltd ... Has agreed to accept a term loan of Rs 225 crore from Yes Bank Ltd," Fortis Healthcare said in a filing to BSE.
Being the holding company, Fortis Healthcare has agreed to provide corporate guarantee for the said credit facility, it added.
Shares of Fortis Healthcare today closed at Rs 166.60 per scrip on BSE, up 2.68 per cent from its previous close.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 30 2016 | 8:02 PM IST

Next Story