Fortis Healthcare Limited — QIP/Rights/Pref., 19-12-2024: Allotment of Securities

Fortis Healthcare Limited has allotted 155,000 listed, senior, secured, rated, redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹1,550 Cr, on a private placement basis to eligible investors. The tenure of the NCDs is five years, with maturity scheduled as follows: 15% at the second anniversary, 20% at the third, 32% at the fourth, and 33% at the fifth anniversary. This issuance aims to enhance the company's capital structure and provide funding for upcoming initiatives.