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Fortis Healthcare signs pact with Citibank to avail loan of Rs 1,100 crore

16 Jan 2019 Evaluate

Fortis Healthcare has signed an agreement with Citibank to avail a loan of Rs 1,100 crore in order to take care of its contractual commitments and strategic objectives. The loan agreement was executed on January 10, with certain commercial papers (CPs) for disbursal being fulfilled on January 14.

Fortis Healthcare is an integrated healthcare delivery service provider in Asia. The healthcare verticals of the company span primary care, diagnostics, day care specialty and hospitals, with a healthcare network spanning 9 countries.

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