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Fortis Healthcare raises Rs 160 cr in debt

Press Trust of India  |  New Delhi 

Healthcare today said it has availed a secured financing 160 crore to fund its working capital requirements and

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 Private Limited on March 29, 2018, for a tenor of three years for meeting its working Capital requirements and General Corporate Purposes," said 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 w.r.t. bankruptcy of the company," Healthcare said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 17 2018. 23:00 IST