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Fortis Healthcare raises Rs150 crore debt to stave off bankruptcy

Fortis Healthcare raises Rs150 crore debt to stave off bankruptcy

Monday, April 16, 2018, 9:23 PM

Fortis Healthcare Ltd, which is weighing multiple takeover offers for its assets, has got a Rs150 crore bridge loan from RattanIndia Finance to keep the struggling hospital operator afloat till it finds a buyer, amid a credit squeeze. The non-banking financial company has provided the funding to help Fortis avert bankruptcy, two people close to the development said, requesting anonymity.
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