Rekha JhunJhunwala’s portfolio company acquires a multi-specialty hospital in Gurgaon for Rs 225 crore!
Renowned investor Rakesh Jhunjhunwala's wife, Rekha Jhunjhunwala, holds 4.46 per cent of the company.
Fortis Healthcare Limited, a prominent healthcare service provider in India, has made a significant announcement regarding the acquisition of a multi-specialty hospital in Gurgaon, Haryana.
As detailed in the official report, Fortis Healthcare Limited, has entered definitive agreements with Medeor Hospital Limited (MHL) and VPS Health Care Private Limited for the procurement of a multi-specialty hospital situated in Sector-5, IMT Manesar, Gurgaon, Haryana, known as 'Medeor Hospital Manesar.'
This acquisition encompasses all the physical structures, buildings, and movable assets within the Medeor Hospital Manesar premises. The total amount agreed upon for this acquisition is INR 225 Crore (Rupees Two Hundred and Twenty-Five Crore).
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It's important to note that this transaction solely involves the acquisition of the Medeor Hospital Manesar property and its associated movable assets.
Furthermore, renowned investor Rakesh Jhunjhunwala's wife, Rekha Jhunjhunwala, is also an investor in this company. As per the latest update, she holds 4.46 per cent of the company.
The acquisition aligns with the Company's strategic expansion in key geographic clusters, including Delhi NCR. It will enhance healthcare delivery to growing regions like New Gurgaon, Dwarka Expressway, IMT Manesar, and NH-48. Accessible to nearby areas like Rewari, Mahendargarh, and more, the hospital holds around 350 potential beds and can be operational in phases within about 9 months.
Today, the shares of the company commenced trading at Rs 338.95 and finally concluded trading at Rs 331.50 each on the BSE. This represents a 0.88 per cent decrease or Rs 2.95 down from the previous day's closing price of Rs 334.45 apiece.
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The market capitalization of the company is Rs 25,027 crore. Additionally, the stock has delivered a return of 18 per cent in the last three months and 149 per cent in the last three years.
Investors must keep an eye on this stock.
Disclaimer: This article is for informational purposes only and not investment advice.