Aster DM Healthcare closed a $295 million, comprehensive group-wide credit facility with Axis Bank, replacing financing with its existing consortium of eight bankers.

The Dubai-based health care group said in a statement that it had an overall limit of $276 million with the previous consortium, out of which only $176 million was drawn so far, which was taken over by Axis Bank using this facility.

Axis Bank was willing to provide the complete loan as the single sole bank.