India’s Fortis Healthcare board to mull issuance of convertibles

By Angela McDaniels

Tacoma, Wash., Aug. 1 – Fortis Healthcare Ltd. notified the Bombay Stock Exchange that it may issue foreign-currency convertible bonds or convertible securities.

The company’s board of directors will consider fundraising options at a meeting on Friday.

Fortis Healthcare is a health-care company based in Gurgaon, India, with a network of super specialty hospital hubs.

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