Fortis Healthcare to take loan of Rs 77.6 cr from Singapore bank
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Fortis Healthcare said it´s Mauritius subsidiary Fortis Healthcare international Ltd, has will take a loan of SGD 165 mln (Rs 77.6 crore) from Singapore-based Consortium of Bankers.
“Fortis Healthcare Ltd has being holding the company, is giving guarantee on behalf of FHIL securing the payment of principle and interest thereon.,” said the Indian company.
Fortis Healthcare Limited is a chain of super speciality hospitals in India.
Currently, the company operates its healthcare delivery services in India, Dubai, Mauritius and Sri Lanka with 54 healthcare facilities (including projects under development), approximately 10,000 potential beds and 314 diagnostic centres.
Questions & Answers
Q.Which entity is securing the loan for Fortis Healthcare International Ltd?
Which entity is securing the loan for Fortis Healthcare International Ltd?
Fortis Healthcare Ltd, the Indian parent company, is providing a guarantee on behalf of its Mauritius subsidiary. This guarantee covers the payment of both the principal amount and the interest due on the loan.
Q.From which specific financial institution is the loan being taken?
From which specific financial institution is the loan being taken?
The loan of SGD 165 million (Rs 77.6 crore) is being taken from a Singapore-based Consortium of Bankers. The article does not specify any individual banks within this consortium.
Q.In which countries does Fortis Healthcare currently operate its services?
In which countries does Fortis Healthcare currently operate its services?
Fortis Healthcare currently operates its healthcare delivery services across India, Dubai, Mauritius, and Sri Lanka. These operations include 54 healthcare facilities and 314 diagnostic centres.
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