India's Fortis Healthcare may issue up to Rs. 7 billion in convertibles

By Devika Patel

Knoxville, Tenn., Oct. 30 - Fortis Healthcare Ltd. informed the Bombay Stock Exchange that it will consider plans to issue up to Rs. 7 billion in convertible bonds at an annual general meeting on Sept. 27.

Other securities being considered are equity shares, preference shares, depositary receipts, non-convertible debt bonds and other instruments with or without warrants.

New Delhi-based Fortis Healthcare is a health care company with a network of super speciality hospital hubs. The company has built a tele-medicine network, which connects each of its facilities.

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