Fortis Healthcare today said it has availed a secured financing facility of Rs 160 crore to fund its working capital requirements and general corporate purposes.
The company in a regulatory filing has also denied reports of any bankruptcy.
"We wish to confirm that the company has availed a secured financing facility up to Rs 160 crore from RattanIndia Finance Private Limited on March 29, 2018, for a tenor of three years for meeting its working Capital requirements and General Corporate Purposes," said Fortis Healthare informed BSE.
This was duly approved by the board at its meeting held on March 27, 2018, it added.
"We would also like to categorically deny the news w.r.t. bankruptcy of the company," Fortis Healthcare said.
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