Religare Health Trust issues clarification on forex risks article

They just entered into forward contracts.

According to an SGX release, the Board of Directors of Religare Health Trust Trustee Manager Pte. Ltd. refers to the article entitled “Religare Health Trust says it has hedged against forex risks” on page 7 of The Business Times today (Tuesday, 23 October 2012).

The article contains the following:

"The trust has put in place forward contracts to hedge its Indian rupee cash flows into the Singapore dollar thereby mitigating the currency risk and consequent risk to distribution per unit," it said in an emailed statement yesterday.

The Trustee-Manager would like to clarify that it has entered into forward contracts to convert Indian Rupees into Singapore dollars for the cash flows it expects to receive from the companies in its portfolio for the financial years ending 31 March 2013 and 31 March 2014.

Also Read

Secondhand furniture gains traction as Singaporeans embrace circular economy practices

Agilent partners with NUS to advance cardiovascular research in Singapore

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Vibrant Group wins suit against Blackgold Australia

The group shall be paid damages and fees by Blackgold Australia’s ex-CEO and ex-chairman.

Lorem Ipsum text in year 2025

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old.

Agribusiness

Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32.

Agribusiness

Secondhand furniture gains traction as Singaporeans embrace circular economy practices