Unihealth Hospitals Ltd to Issue 700,000 Zero Coupon CCDs Worth ₹105.7 Million

Unihealth Hospitals Ltd has announced plans to issue 700,000 zero-coupon Compulsorily Convertible Debentures (CCDs) valued at ₹105.7 million. This financial move is part of the company's strategy to raise capital for expansion and operational enhancement. Zero-coupon CCDs are debt instruments that do not pay periodic interest but are issued at a discount and redeemed at face value, providing a cost-effective way for companies to raise funds. The issuance is expected to support Unhealth Hospitals' growth initiatives, including upgrading existing facilities and potentially expanding into new markets. This move reflects the company's commitment to improving healthcare services and infrastructure, aligning with broader industry trends towards modernization and capacity building.

Source: Financial News Update