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Apollo Hospitals issues Letter of Comfort amounting Rs 101 crore

Apollo Hospitals has issued Letters of Comfort (LoC) worth Rs 101 crore relating to credit facilities availed by its subsidiary companies. While the company issued LoC for Rs 71 crore to Yes Bank on behalf of its subsidiary Apollo Health and Lifestyle, it issued LoC of Rs 30 crore to HDFC Bank on behalf of its arm Apollo Speciality Hospitals.

Apollo Hospitals Enterprise owns and operates chain of multi-specialty hospitals. It offers the services in the area of cardiology, cardiothoracic, orthopedics and joint replacement, spine surgery, oncology, etc.

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