Healthcare major Apollo Hospitals get shareholders' nod to raise up to Rs 500 cr via non-convertible debentures

Healthcare major Apollo Hospitals Enterprise Friday said it has received shareholders' nod to raise up to Rs 500 crore through issuance of non-convertible debentures on a private placement basis.

The company was seeking approval from the shareholders to "offer or invite subscriptions for secured / unsecured redeemable non-convertible debentures, in one or more series/tranches, aggregating up to Rs 5,000 million on a private placement basis," Apollo Hospitals said in a BSE filing.

A total of 99.94 percent of the votes polled were in the favor of the resolution, it added.

Shares of Apollo Hospitals Enterprise today closed at Rs 1,050 per scrip on BSE, down 1.93 percent from its previous close.