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| Exchange Received Time 17/04/2018 21:58:09 Exchange Disseminated Time 17/04/2018 21:58:14 Time Taken 00:00:05 | This is with reference to your mail dated April 17, 2018 and the recent news item which appeared in The Live Mint on April 16, 2018, captioned 'Fortis Healthcare raises Rs150 crore debt to stave off bankruptcy'.
In this regard, we wish to confirm that the Company has availed a secured financing facility upto 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. The same was duly approved by the Board at its meeting held on March 27, 2018 and is in normal course of treasury operations. We would also like to categorially deny the news w.r.t. bankruptcy of the Company.
We will keep the stock exchanges updated/informed in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
This is for your information and records please. We assure you of our full cooperation at all times.
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