Fortis Healthcare Limited — Important, 19-12-2024: General Updates

Fortis Healthcare Limited has completed the allotment of 1,55,000 listed, senior, secured, rated, redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, totaling ₹1550 Crore. This decision was finalized by the Debenture Allotment Committee on December 19, 2024. The NCDs, which will be privately placed with eligible investors, have a tenure of five years, with staggered maturities: 15% maturing at the two-year mark, 20% at three years, 32% at four years, and the remaining 33% at the end of five years. The successful placement of these debentures strengthens Fortis Healthcare’s financial positioning, signaling potential positive developments for its capital structure moving forward.