Fortis healthcare raises $100m from IFC
Indian hospital and diagnostics group Fortis Healthcare is to issue 28.6 million shares to the International Finance Corporation (IFC) for a total of $45 million. Another $55 million will come through a private placement of foreign currency convertible bonds (FCCB), which will have a floor price of INR99.09 ($1.8).
In a filing, the company said the board of directors has also decided to issue between 34.9 million to 45 million fresh shares through an Institutional Placement Programme (IPP) at a face value of INR10...
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