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Fortis retiring debt

Fortis Healthcare will Spend Rs660 crore on retiring debts. The company recently announced that it will raise Rs 1000 crore through issue of shares on right basis. The company will issue share in the raito of 2:5. Fortis has 28 hospitals with a total capacity of 3300 beds and is aiming to take the total number of hospitals to 40 with a total capacity of 6000 beds by 2011.

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