Fortis Healthcare, the country’s largest healthcare chain has allotted 550 Foreign Currency Convertible Bonds (FCCBs) of $100,000 each to International Finance Corporation (IFC), on a preferential basis, at an issue price of $100,000 per FCCB, aggregating to $55 million.
With the allotment of the FCCBs, IFC has made a total investment of $100 million in Fortis Healthcare by way of participation in the recently concluded IPP, preferential allotment of equity and the allotment of FCCBs.
Fortis Healthcare is an integrated healthcare delivery service provider in Asia. The healthcare verticals of the company span primary care, diagnostics, day care speciality and hospitals, with a healthcare network spanning 9 countries.
