Apollo Hospitals issues letters of comfort for Rs 101 crore
New Delhi: Healthcare major Apollo Hospitals said it has issued letters of comfort (LOC) worth Rs 101 crore relating to credit facilities availed by its subsidiary companies.
While the company issued a letter of comfort for Rs 71 crore to Yes Bank on behalf of its subsidiary Apollo Health and Lifestyle, it issued LOC of Rs 30 crore on behalf of its arm Apollo Speciality Hospitals Pvt Ltd, Apollo Hospitals said in a filing to BSE.
A letter of comfort is a letter from a company to a bank in support of a subsidiary of the company that has asked for a loan.
Our comments section is governed by our Comments Policy . By posting comments at Medical Dialogues you automatically agree with our Comments Policy , Terms And Conditions and Privacy Policy .
Disclaimer: This site is primarily intended for healthcare professionals. Any content/information on this website does not replace the advice of medical and/or health professionals and should not be construed as medical/diagnostic advice/endorsement or prescription. Use of this site is subject to our terms of use, privacy policy, advertisement policy. © 2020 Minerva Medical Treatment Pvt Ltd