Jupiter Life Line Hospitals (JLHL) has entered into hypothecation agreement with HDFC Bank for financing the capital expenditure requirement of the company. Size of agreement is Rs 500 crore (Sublimit of Rs 300 crore towards LC facility). Security provided includes exclusive charge on Dombivli Hospital & Pune Baner Hospital on immovable properties, tangible movable assets by way of mortgage and hypothecation respectively and paripassu charge on current assets and receivables.
Jupiter Life Line Hospitals is engaged in the business of operating and managing hospitals and clinics in India. The company is among the key multi-specialty tertiary and quaternary healthcare providers.