Yes Bank will give Rs 225 crore loan to Fortis Hospitals

Fortis Healthcare being the holding company will be giving its corporate guarantee on behalf of Fortis Hospital securing the payment principle and interest thereon.

Yes Bank will give Rs 225 crore loan to Fortis Hospitals
Fortis Hospitals is taking credit facility of Rs 225 crore from Yes Bank. Photo: Reuters
By ZeeBiz WebTeam
Updated: Fri, Sep 30, 2016
08:19 pm
Mumbai, ZeeBiz WebDesk
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Fortis Healthcare’s wholly owned subsidiary Fortis Hospital has agreed to accept a term loan of Rs 225 crore from Yes Bank.

It said in a statement,"Fortis Hospitals is taking credit facility of Rs 225 crore from Yes Bank.”

Fortis Healthcare being the holding company will be giving its corporate guarantee on behalf of Fortis Hospital securing the payment principle and interest thereon.

Fortis Healthcare Limited is a chain of super speciality hospitals in India.  It has its hospitals in Delhi, Amritsar, Kolkata, Navi Mumbai, Mohali, Ludhiana, Jaipur, Chennai, Kota, Bengaluru, Gurgaon, Noida, Faridabad, Mumbai, and Odisha.

Shares of Yes Bank on Friday, closed at Rs 1254.25 up by 1.93%.