Jupiter Life Line Hospitals Secures ₹3.5 Billion Term Loan and ₹100 Million Overdraft Facility from HDFC Bank

Jupiter Life Line Hospitals Ltd has announced that it has entered into a loan agreement with HDFC Bank Ltd, securing a ₹3.5 billion term loan and an additional ₹100 million overdraft facility. The funds will be primarily utilized for expanding its hospital network, strengthening infrastructure, and repaying existing debt obligations. As of the last fiscal year, Jupiter Life Line Hospitals carried a total debt of approximately ₹4.77 billion. This strategic move comes after the company’s successful IPO in September 2023, which comprised a fresh issue of ₹5.42 billion and an offer-for-sale worth ₹3.27 billion. The proceeds from the IPO were largely directed towards reducing liabilities and funding general corporate needs. With this latest financial arrangement, the healthcare provider aims to further solidify its position in the Indian healthcare sector and enhance patient care capabilities across its facilities.

 

Source: Reuters India, EquityPandit, 5paisa