Global Health has informed that the Company has been offered by Mumbai Housing and Area Development Authority (MHADA) vide its letter dated July 22, 2024 a land parcel measuring 8859.24 sq. meters for an amount of Rs 125.11 crores (approx.) on lease basis under online e-tenders issued by MHADA. The aforesaid land parcel is situated at Mauje-Oshiwara, Jogeshwari, CTS No. 31, 32 (part), 33 (part), 37 (part), Mumbai, Maharashtra and can accommodate construction of a 500+ bedded hospital with an estimated project capex of Rs 1,200 crores, subject to various customary and statutory approvals. The detailed business plan for the construction of above mentioned 500+ bedded hospital is subject to approval of Board of the Company and the Company will update the stock exchanges on any material developments relating to this matter. The details as required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, are provided in Annexure A.
The above information is a part of company’s filings submitted to BSE.
