Shalby’s wholly-owned subsidiary -- Mars Medical Devices (MMDL) has further subscribed 1.80 lakh equity shares of SGD 1 each in its subsidiary -- Shalby Global Technologies, Singapore (SGTPL), and remitted funds for the same on August 22, 2022. SGTPL is a subsidiary of Mars Medical Devices and a step-down subsidiary of the company. With the aforesaid investment, shareholding of MMDL in SGTPL is now increased to 98.99% from earlier 98.76%.
Shalby is a chain of Multi-specialty tertiary care hospitals based out of Ahmedabad. It has combined bed strength of more than 700 beds with its multispecialty hospitals across Gujarat and Goa.
