India’s Apollo Hospitals to mull issuing Rs. 2 billion of debentures

By Tali Rackner

Norfolk, Va., Feb. 10 – Apollo Hospitals Enterprise Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Tuesday and consider issuing Rs. 2 billion of secured redeemable nonconvertible debentures.

If approved, the rated and listed debentures will be issued on a private placement basis and will be listed on the wholesale debt market segment of the National Stock Exchange of India Ltd.

Apollo is a Chennai, India, hospital owner and health-care provider.

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