Shalby’s wholly-owned subsidiary -- Mars Medical Devices (MMDL) has further subscribed 2,00,000 equity shares of Singapore Dollar 1 each in MMDL’s Subsidiary - Shalby Global Technologies Pte., Singapore (SGTPL), and remitted funds for the same on December 1, 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 99.16% from earlier 98.99%.
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.
