Apollo Hospitals Enterprise Ltd.

Healthcare major Apollo Hospitals is seeking shareholder’s nod to increase its borrowing limit to Rs 3,500 crore from Rs 2,500 crore (current). The company plans to raise Rs 500 crore via private placement to finance expansion. The company is also raising Rs 500 crore to augment long-term resources for financing 'inter alia ongoing capital expenditure, expansion activities and for general corporate purposes' through issue of redeemable NCDs in one or more series/tranches on a private placement basis.

Apollo Hospitals is the leading private sector healthcare provider in Asia and owns and manages a network of speciality hospitals and clinics, a chain of Pharmacy retail outlets across the country, and provides Consultancy Services for commissioning and managing the Speciality Hospitals.