Corporate Announcement
Security Code : 508869    Company : APOLLOHOSP    
 
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  Exchange Received Time  23/12/2017 16:35:28         Exchange Disseminated Time   23/12/2017 16:35:32              Time Taken   00:00:04
Dear Sir,


Sub: Disclosure under Para B, Part A of Schedule III of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

With reference to the above, please be informed that the Company has issued a Letter of Comfort for an aggregate sum of Rs. 122 crores to Axis Bank Ltd in connection with the sanction of credit facilities in favour of its subsidiary, 'Imperial Hospital and Research Centre Limited', Bangalore, for re-financing existing higher cost credit facilities availed by the subsidiary company from its existing bankers.

You are requested to kindly take the above on record.

Thanking you,


Yours faithfully
For APOLLO HOSPITALS ENTERPRISE LIMITED


S.M. KRISHNAN
VICE PRESIDENT - FINANCE
AND COMPANY SECRETARY
 

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