<b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> ....
FORTIS · price
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Awaiting price reaction for this filing.
Fortis Healthcare has informed the stock exchanges that it is classified as a 'Large Corporate' under SEBI's October 2023 framework, based on its standalone outstanding borrowings of about Rs 1,740 crore as of March 31, 2025. This figure includes non-convertible debentures of around Rs 1,550 crore that the company issued during the year. The company's highest credit rating during the previous financial year was CRISIL AA with a stable outlook. In the event of any shortfall under the mandatory borrowing framework, the penalty would be paid through BSE. The filing is signed jointly by the Company Secretary and the Chief Financial Officer.
This is a routine compliance disclosure and not a material corporate event. It simply signals that Fortis has borrowings above the SEBI threshold for large corporates and carries a strong AA investment-grade credit rating, reflecting healthy financial standing.