Narayana Hrudayalaya gains as arm ties-up with Bangladesh-based hospital

Narayana Hrudayalaya’s step-down subsidiary, NH Health Bangladesh, has entered into definitive agreements to partner with Imperial Hospital in Chittagong, Bangladesh to operate and manage their cardiac sciences department.

This 350-capacity bedded hospital is expected to be commissioned within the next six months. It is located in the second largest city of Bangladesh, Chittagong and the hospital is envisaged to be one of its kind in the region with state-of-the-art medical equipment and world-class infrastructure. Chittagong region faces an acute shortage of tertiary healthcare infrastructure with around 7,900 people per bed as per the WHO report.

Last one week high and low of the scrip stood at Rs. 258.00 and Rs. 249.00 per share, respectively. The current market cap of the company is Rs. 5,091.65 crore.

The promoters holding in the company stood at 63.85 per cent, while Institutions and Non-Institutions held 28.53 and 7.62 per cent, respectively.